Business Interview“Ghana must still prioritize agriculture…” – Edward Kareweh Published 1 year agoon June 18, 2018By Emmanuel Agyei Share Tweet An in-depth look at the sector’s economic role in the past, present and future with Agricultural Economist and General Secretary of the General Agricultural Workers Union, Edward Kareweh.I t is an undeniable fact that agriculture plays a vital role in any economy as increased agricultural productivity tends to boost overall growth by way of job creation, foreign exchange etc. – due to its extensive value chain.According to the Inter-American Institute for Cooperation on Agriculture (IICA), one way of visualizing the contribution of agriculture to development is by measuring forward linkages with other sectors of the economy. Forward linkages mean economic activity generated beyond the farm as products move along the supply chain to final consumers.In the case of Jamaica, for every dollar generated on the farm, 55 cents goes directly to primary consumption, in a sense, missing opportunities along the supply chain to add more value. Only 16 cents per dollar goes to the processed food sector, 12 cents to hotels and restaurants while 9 cents per dollar is exported.A similar exercise, IICA says can be done with backward linkages or the valued added generated in sectors that served as the source of inputs and services for agriculture (chemicals, transportation, financial sector etc.). For a developing country like Ghana looking to transform its economy on the back of an umbrella policy dubbed “Ghana Beyond Aid”, agriculture has been singled out as key.It begs the question, how best could agriculture drive this especially against the backdrop of the continuous decline in its contribution to GDP in recent years? For some answers the Vaultz Magazine engaged Agricultural Economist, Edward Kareweh who doubles as the General Secretary of the General Agricultural Workers Union (GAWU) of the Trades Union Congress (TUC), Ghana.AGRICULTURE AS A TOOL FOR JOB CREATIONAgriculture in Ghana has over the years been undertaken mainly by rural folk as a subsistence activity rather than a commercial venture – despite being the backbone of the economy for years.The sector has, thus, been unattractive to especially the educated youth who could apply their academic knowledge to boost productivity. The Agricultural Economist believes this trend could be reversed to help reduce the high unemployment levels in the country if government makes agriculture attractive as a business by way of policies.“The young men and women are so intelligent and know what they want. You can’t force them into agriculture. Just ensure there is good market for agricultural produce whilst creating a conducive environment for people to venture into agriculture. Agriculture provides jobs for all including even the lowlevel labor force.Ghana has a very young population that are largely unskilled. So to get jobs for such persons, agriculture is critical and that’s why agriculture remains important in all economies aside from providing raw materials, food etc.” he stated.We are mismanaging our lands. The arable lands are reducing and falling in the hands of estate developers.As in any other endeavor, human capital is critical in growing the sector – prompting calls for recruitment of more extension officers. Currently, the extension officer to farmer ratio is 1:1500 – compared with 1:500 standard by the Food and Agricultural Organization (FAO).In a bid to bridge the gap, the current government in 2017 lifted the ban on employment of extension officers – recruiting approximately 3,000 more to support the Planting for Food and Jobs programme.AGRICULTURE FOR ECONOMIC TRANSFORMATIONAccording to Mr. Kareweh, for a developing country like Ghana also seeking to put its economy on a higher pedestal, the role of agriculture is non-negotiable. “Even in developed economies like Europe and America still spend billions to subsidize agriculture because they deem it critical.For a developing economy, agriculture is almost everything because it provides not only employment but also the raw materials for industries. Agriculture is therefore critical because, if you spend 1 dollar in agriculture, the proportional return is far higher than spending it in other sectors of the economy,” he revealed.He therefore wants government to exploit this potential by first establishing a broader national economic development plan which clearly spells out the role of agriculture. “Because Ghana is already largely an agrarian economy, we should use agriculture as the foundation of development.Other developing countries that are largely oil producing countries may want to use oil. Even though Ghana is now also an oil producing country, our comparative advantage is in agriculture and not oil because we have the natural factors like climate and good soils we can leverage,” he explained.Mr. Kareweh however insists, this is still insufficient. “Let me give you the present statistics. According to the ministry itself, over 80% of the about 3000 existing extension officers have just about 3 years to go on retirement. The new recruitments are therefore certainly not a bad start but still not enough.If you look at the magnitude of the problem, then, it’s just a drop in the ocean,” he stated. “Also, these new-recruits are not actually officers as they were picked from the Youth Employment Agency (YEA) and so may not be able to play the role properly because of lack of experience and motivation as they don’t have the same conditions of service like the real extension officers.It’s also like a stop gap measure for the Planting for Food and Jobs transition – not fully integrated into the ministry” he revealed. “Again, we have to rethink agriculture all together. Without seeking to suggest that other sectors like health and education do not deserve the treatment that government is giving them today, it only points to the fact that government’s attention is more on those sectors than on agriculture.For instance, nurses are not only seen as professionals but allowances for their undergraduates have also been restored. We have just a few agricultural institutions in this country with a small student population yet without any such subsidies or allowances.Also, graduates from agricultural institutions have no automatic employment unlike their counterparts in the education and health sectors. But if you see the agricultural sector as the backbone of the economy, it will reflect in the policy direction because if you go and employ YEA recruits and give them a package that is not good enough, then you certainly are not encouraging them to go into agriculture,” he added.Land is another factor critical for increased agricultural productivity. Mr. Kawereh is worried some recent economic developments are negatively affecting land availability for agricultural production which requires immediate policy intervention.“We are mismanaging our lands. The arable lands are reducing and falling in the hands of estate developers. Now, it is difficult to get a stretch of a thousand hectares of land without a house or two in between. For example drive on the Cape Coast stretch and see.Yes, we need houses to live in but it’s not every land that we should use for estate development. The soil fertility is not the same, so we should, as a country differentiate between lands for agricultural purposes and that for estate development.In the next 10 years if there are no lands but fantastic policies, what are you going to do? Are you going to grow the crops in the space? Mr. Kareweh questioned. The GAWU General Secretary also lamented how small scale mining is also gradually taking over farmlands and dreads the threat it poses to agriculture. “It is a very serious situation.The cost of even reclaiming the land is so huge that we should have even been using that money to create jobs. Cocoa lands are also even being sold for mining. The way forward is to sustain the anti-galamsey campaign while enhancing legislation with more punitive measures.It is also a multifaceted area which requires a concerted approach to effectively address,” he emphasized.AGRICULTURE’S CONTRIBUTION TO GDPNotwithstanding its economic potential, Agriculture has been declining in the last few years – consequently losing to the services sector its position, as the highest contributor to the country’s GDP.The Agricultural Economist however describes this as expected – explaining that, once an economy develops, agriculture’s contribution to GDP is also anticipated to decrease for industry to take over and spearhead economic growth.According to him, agriculture losing its status as the highest contributor to GDP should therefore not necessarily be of concern as opposed to what caused it. “Unfortunately the decline has not been because we are now processing more or industry is growing.When you have the forward and backward linkages well integrated, agriculture will decline and even offload its labour force to industry which will invariably then grow. So, you have that organic relationship which is good. For a resource-rich country like Ghana, this should have been the normal trajectory compared with another country not endowed with resources and therefore can allow the services sectors to lead growth.So in our case it’s an abnormality and need to try and correct it,” he explained. He blames the anomaly on reduced investment in agriculture and promotion of imports. “Banking, insurance and other financial services are offering their loans and services to importers rather than producers because of the decline in local manufacturing.The warehouses that have historically stored products from the domestic factories have been sold out and turned into churches as witnessed at North Kaneshie here in Accra. The remaining few too no longer house domestic goods but imported ones. It tells you that we are not producing to fill them.This is not by accident. The 1980 Economic Recovery Programme and the 1990 Structural Adjustment Programme which were hailed by the World Bank and others fundamentally made us liberalize the economy to cause these,” he averred. He however disagrees with suggestions that the services sector over-taking agriculture in terms of contribution to the GDP disproves the pivotal role agriculture has been hailed to play in economies.“This gives impetuous to advocates of the services sector to call for more investments in that sector at the expense of agric. But the difference here is that, the growth in the services sector hasn’t created the type and number of jobs required.The movement from the rural to urban areas and the social vices witnessed in our cities today are all because these people have come to look for jobs. So the argument is that, take the jobs to them where they are. That is what agriculture can do but services doesn’t necessarily because it is concentrated in urban areas,” he emphasized.The Agricultural Economist maintains, Ghana thus has no option but to still prioritize agriculture as the foundation of the economy. “As things stand now, we have no choice than to look at agriculture as backbone of the economy and that is why government’s focus on agriculture is commendable. The only option for us today, is to use agriculture to build industry and stabilize our economy,” he noted.NEED FOR A PARADIGM SHIFTSuccessive governments have over the years rolled out several policies to boost the agriculture sector. Many industry watchers however believe even though some of the policies have yielded positive results they have yet to make the desired economic impact.Despite implementation of such policies over the years, agriculture continues to decline in terms of its contribution to GDP – which the services sector currently leads. This, many industry watchers believe is only a reflection of the lack of consistent well-coordinated policies and investments for the agriculture sector.According to the General Secretary of GAWU, the longstanding woes of the sector are as a result of not only the lack of adequate policies but the failure to implement existing policies to the letter. “The policies as they stand are very good, the implementation is what Ghana needs to work on for the desired results.So, we need an attitudinal change in how we also develop and implement the policies – which has largely been at the corridors of public officials. We need to also look for experts who can contribute significantly to policy development” he advised. “We also need to improve on policy governance and coordination so that people can own and integrate the policies in their lives rather than feel they have been imposed on them.That is, the policies over the period have been largely top-down driven – prepared by government and imposed on the actors. But policy makers must consider the farmers as well because they know their system, challenges and priorities better” he added.PLANTING FOR FOOD AND JOBS POLICY – A CASE IN POINTThe Planting for Food and Job Campaign is a five (5) year policy introduced by the current government to turn around the declining fortunes of the agriculture sector. Launched in April 2017, the policy involves an investment of 125 million Canadian dollars in improved seeds and extension services for farmers of five (5) main crops including maize, rice, sorghum, soybeans and vegetables.According to the Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, the programme in its first year of implementation produced a total crop value of GH¢1.2 billion whilst creating a total of 745,000 jobs, mainly in the rural economy.This, he attributed to the use of labour, improved seeds and fertilisers combined with increased extension service delivery in the production of an additional 485,000 MT of maize; 179,000 MT of rice; and 45,200 MT of vegetables. The initiative at its initial stage of implementation however had its fair share of challenges like farmers clashing with government over the repayment terms for the subsidized inputs.A number of stakeholder groups like the Institute of Statistical, Social and Economic Research (ISSER) and the Peasant Farmers Association of Ghana (P-FAG) also expressed dismay over the lack of stakeholder engagement in the rollout among other concerns. Edward Kareweh says the implementation has been largely successful by far but not without the usual challenges associated with such policies.According to him, the initiative may not yield the desired results unless the challenges are comprehensively addressed with a holistic policy framework. “You can’t use the Planting for Food and Jobs policy alone to transform the country’s agricultural sector.The policy as it stands targets only the crop sub-sector at the expense of other sub-sectors. The good and important part however is that, it’s targeting the largest subsector which means it is going to reduce poverty. But that is not enough.For instance, if you take cash crops like oil palm, cocoa and rubber, how would the programme boost their production? The relationship is not much,” he bemoaned.THE WAY FORWARDAccording to the Agricultural Economist, creating deliberate linkages between the Planting for Food and Jobs programme and livestock production is key.“Such a link does not come automatically but must be deliberately created and nurtured. The policy does not have such deliberate linkages and that’s why while the Minister for Agriculture is saying that the programme has resulted in a bumper harvest, poultry producers are also crying that maize is not only scarce but expensive on the market.If we’ve had a bumper harvest of maize, how come the price of the crop is going up instead of coming down,” he lamented. Mr. Kareweh insists market forces are largely accounting for this disparity and only targeted policies could address the situation. “It is all about demand and supply. In Ghana, we don’t have stable prices.But such developments can be controlled with policy.” he said. He adds that such linkages when properly established would not only create a ready market for the crop farmers but also boost production in the other subsectors and ultimately help address some of the major constraints of agricultural production in Ghana.“We must ensure that once we increase production, a part of it is deliberately allocated to other sub-sectors. For instance we should link the programme with the poultry industry so that they can tell the farmers what type and quantity of maize should be produced to prevent over production whereby it would go waste to affect the fortunes of the farmers,” he disclosed. “One of the major challenges with the agricultural sector is that, it’s difficult to predict the market; you don’t know who is producing what.So we need to reorganize the agricultural sector in such a way that we can have data to say how much will be coming from which particular ecological zone and so on. We can then ascertain which market we are sending that produce. Because, remember agricultural produce are bulky and perishable so the market must be close to the producer in order to reduce postharvest losses which has been another bane of the sector’s growth as up to 35%, in some cases 60%, of produce go waste,” he said.The General Secretary of GAWU however insists though welcoming, the Planting for Food and Jobs programme is not necessarily the panacea for the agricultural sector’s woes – adding that its sustainability too will depend on a number of factors. “Sustainability will come in a number of ways.If government’s commitment to provide resources and on time continues into the future, then that part of sustainability is guaranteed. Beyond that, government will have to also look for other funding sources as the project expands.For example, last year the project was only targeting 200,000 farmers and in 2018 it’s targeting 500,000 farmers and that means resource allocation will have to be more than double. So government will have to find other funding avenues to create that sustainability,” he advised.INVESTMENT IN RESEARCH AND TECHNOLOGYEdward Kareweh is of the view that Ghana is making steady progress in terms of adoption of technology in agriculture but more needs to be done to boost policy implementation. “You can see that we are beginning to accept the fact that technology is critical for the sector.For instance, we’re now using the electronic systems to register and create database of farmers under the Planting for Food and Jobs programme” “Following implementation diligently to the end is not going to be done by human discretion alone.Technology will make those given that responsibility efficient, ensure they don’t circumvent the system and also ensure the inputs are utilized the way they are supposed to be,” he noted.Research is also key in finding for solutions to challenges that have bedeviled the sector for years. “Research is a continuous activity. What we have seen over the period is that we have not actually utilized the many agricultural research findings by the research institutions. For instance, they have developed many varieties of crops and so on but yet to be implemented,” he revealed.AGRICULTURE AND “GHANA BEYOND AID”The current government’s “Ghana Beyond Aid” agenda towards economic growth has made agriculture development even more crucial. Government has in this light reiterated its commitment to revolutionize agriculture by way of policies directly linked to agro processing. Mr. Kareweh describes the agenda as only a clarion call for massive development of the agriculture sector through stronger synergies between the government and the private sector.“The agenda is crucial for economic development even though many still don’t know its parameters. Agriculture is mainly a private sector business with farmers as the main drivers. So once we’ve initiated a programme like the One-District, OneFactory which is to be largely private-sector driven, the factories could be given some tax exemptions, concessions and facilities to efficiently produce and compete with the imports” “Government must also help in the search for foreign markets for the domestic producers – that’s why it has diplomatic missions in other countries.So, that burden is taken off the domestic producers before it unduly increases their costs and ends up shooting the price of their products up and making them uncompetitive against imported products”. He also impressed on government, the need to institute countervailing measures to deal with trade policy implementation undermining domestic production.“Our trade policies are supposed to enhance domestic and industrial production. It is only when you cannot produce a particular commodity sufficiently or at all that you import. But if imports become the main source of supply when you have the potential to produce then it becomes a challenge” “If you talk about rice, there’s so much cheap imports in this country.So, even if you increase local rice production you won’t get the market. If you produce rice in Ghana, it’s supposed to be cheaper but it becomes otherwise because you still need to mill it, bag it, process it and advertise it and all that is additional cost.If you are not efficient in all these, you will be crowded out in the market because the cheap import come well packaged and also well-advertised. It’s not about just producing something that is good but also marketing around the world,” he concluded. Related Topics: Up NextTRANSFORMING AFRICA: Strong collaboration, smart policy, sound investments—and a total change of mind-set Don't MissTHE STATE OF GHANA’s ECONOMY– One Year into the current government’s administration… Continue Reading Advertisement You may like Click to comment Business InterviewExpertise and investment– grounds for the “year Of return, Ghana 2019” Published 5 days agoon August 15, 2019By Vaultz Publisher Since the abolishment of slavery in 1833, descendants of Africans, who were uprooted from the continent and forced in labour on sugar and cotton plantains, in Europe, North America, the Caribbean and South America have traced their roots back to the continent.Two African countries, Liberia and Sierra Leone, were actual destinations for ex-slaves from the Americas who wished to come back home to the continent as well as people rescued by the British Navy from slave ships en route to the Americas. Today, there are millions of African descendants who have made Europe, North America, the Caribbean and South America their home. Despite that, most of them still seek their roots on the African continent and are becoming more and more aware of their status as members of the African diaspora.A significant part of the diaspora are also people who emigrated to North America and Europe seeking better lives and education as a result of conflict, poverty, lack of economic activity and political instability. These are emigrants who also do return or seek a return back to their homeland.Various Governments’ call on the DiasporaSeveral presidents of Ghana, from the days of Dr Kwame Nkrumah, a returnee himself who led the fight for independence, have tried to lure the members of the diaspora back to the continent and Ghana. In his maiden independence address, then–Prime Minister Kwame Nkrumah sought to frame Africa’s liberation around the concept of Africans all over the world coming back to Africa.“Nkrumah saw the American Negro as the vanguard of the African people,” said Henry Louis Gates Jr., Director of the Hutchins Centre for African and African American Research at Harvard, who first travelled to Ghana when he was 20 and fresh out of Harvard, afire with Nkrumah’s spirit. “He wanted to be able to utilize the services and skills of African-Americans as Ghana made the transition from colonialism to independence.”Even long before the attainment of independence and Gold Coast becoming Ghana, the political leaders of the Gold Coast reached out to the African Diaspora. There are letters from people like Casely Hayford, who was a major political leader in the 1910s and 1920s, to W.E.B DuBois and to Marcus Garvey.But for a couple of decades now each president of Ghana has introduced a series of aggressive moves to bring their growing population of the diaspora back home. Even though these moves have been well planned, success has been mixed at best.In 2000, when John Agyekum Kufuor became the President of the country, he appealed to the members of the diaspora to come back home to help develop the country. Also in 2000, the Parliament of Ghana passed a Citizenship Act in 2000 to make provision for dual citizenship, meaning that people of Ghanaian origin who have acquired citizenships abroad can take up Ghanaian citizenship if they so desire.That same year the country enacted the Immigration Act, which provides for a “Right of Abode” for any “Person of African descent in the Diaspora” to travel to and from the country “without hindrance.”At the time, Ghana has undertaken the first transfer of power from one civilian government to another with the ruling party also changing. That significant move positioned Ghana as the beacon of democracy on a continent that was ravaged by wars, poverty, economic paralysis, corruption and mismanagement at the highest levels.The push to bring back Africans in the diaspora yielded some positives. Some Ghanaians in the diaspora did come home and helped the government undertake and establish some critical governmental and economic institutions.A quick mention can be made about Nana Osei Bonsu, the current CEO of the Private Enterprise Federation (PEF) who came back to Ghana at the urging of President Kufuor. His expertise was leveraged to create the Venture Capital Trust Fund (VCTF), the first public sector led private equity/venture capital fund in the country.Also, Rita Marley, the wife of Reggae Legend, Bob Marley, relocated to Ghana and is currently staying in the country. There are also recorded settlements of people from the Caribbean who now reside in Cape Coast in the Central Region and even as far as Techiman, in the newly created Bono East Region.Then in 2007, the Joseph Project, which was led by the late Jake Obetsebi Lamptey when he was the Minister of Tourism and Diasporan Relations, was launched to mark the 50th year of independence, and to commemorate 200 years since the abolition of slavery and to encourage Africans abroad to return.Similar to Israel’s policy of reaching out to Jews across Europe and beyond following the Holocaust, the Joseph Project is named for the Biblical Joseph who was sold into slavery in Egypt but would later reunite with his family and rule Egypt. It was seen as a medium to bring together, more closely, people in Ghana and brothers and sisters in the diaspora and establish Ghana as the true gateway to the homeland for Africans in the diaspora.Since then various presidents have used other means to bring back diasporans back home. President John Dramani Mahama and President Nana Addo Dankwa Akufo-Addo, the current president, have granted citizenship to members of the Caribbean community in the country. The current majority owners of Republic Bank come from Trinidad and Tobago, a Carribean country.These moves are seen as measures to attract more of such personalities and institutions to help contribute significantly to economic growth and development.Ghana sets the stage for The Year of ReturnIn September, 2018, when President Akufo-Addo was in the United States, he proclaimed 2019 as the ‘Year of Return’. Officially titled ‘Year of Return, Ghana 2019’, the proclamation was read at a ceremony at the United States National Press Club in Washington DC to formally launch a program of activities marking the 400th anniversary of the arrival of the first enslaved Africans from Jamestown, Accra to Jamestown, Virginia in English North America in 1619.But before that in 2013 the United Nations declared 2015–2024 the International Decade for People of African Descent to “promote respect, protection and fulfilment of all human rights and fundamental freedoms of people of African descent.” The theme for the ten-year celebration is “People of African descent: recognition, justice and development.”The ‘Year of Return, Ghana 2019’ has therefore coincided with the biennial Pan African Historical Theatre Festival (Panafest), which is held in Cape Coast, home of Cape Coast Castle and neighboring Elmina Castle—two notable edifices recognized by UNESCO (the United Nations Educational, Scientific and Cultural Organization) as World Heritage Sites of the slave era. The launch, attended by the cream of African American community, including members of the United States Congress, civil rights groups, non-governmental organizations (NGOs), black clergymen and the business community, was organized by the Ghana Tourism Authority, under the auspices of the Ministry of Tourism, Arts and Culture, the Office of Diasporan Affairs at the Office of the President, the PANAFEST Foundation and the Adinkra Group, an event group based in the US.The Proclamation recognizes Ghana’s unique position as the location for 75 percent of the slave dungeons built on the west coast of Africa and the current President’s policy making it a national priority to extend a hand of welcome back home to Africans in the diaspora.As well as taking note of the fact that “Ghana has more African Americans living in the country than any other African country,” the proclamation also expressed happiness about Ghana’s Right of Abode immigration law that grants freedom to persons with this right “to live and to come and go into and from the country without let or hindrance”. Another factor influencing the Proclamation is the 115th US Congress Resolution (HR 1242) establishing the 400 Years African American History Commission to commemorate the anniversary.Speaking at the launch, President Akufo-Addo recalled Ghana’s early Pan African leadership role and pledged that “under my leadership, Ghana will continue to ensure that our hard won Pan African reputation is not lost. Making Ghana the focus of activities to commemorate the landing of the first enslaved Africans in the English colonies in North America is, therefore, a huge opportunity to entrench Ghana’s leadership.”“In the year 2019, we open our arms even wider to welcome home our brothers and sisters in what will become a birthright journey home for the global African family,” he said.The President eulogized the role played by the late Otanka Obetsebi-Lamptey, who, as Tourism Minister in the Kufuor administration, launched the ‘Joseph Project’, symbolizing an arm of brotherhood inviting back home, descendants of Africans who were enslaved and, therefore, find themselves in North, Central and South America.Mentioning the late minister’s wish to see the ‘Right of Abode’ immigration program become law and his (Jake’s) determination to grant easy visas to Africans in the diaspora, the President declared: “I pledge the determination of my government to grant these wishes.”Mission of the new Diaspora Affairs in the wake of eventsIn an exclusive interview with Akwasi Awua Ababio, the Director of Diaspora Affairs, Office of the President (DAOOP), he noted that the Year of Return seeks to make Ghana the focus for millions of African descendants reacting to their marginalization by tracing their ancestry and identity. By this, he said, Ghana becomes the beacon for African people living on the continent and the diaspora.“Ghanaians in the Diaspora, serve in building bridges between their country of residence and Ghana by providing market access, sources of expertise, knowledge,” he said, adding that the objective behind establishing the office at the Presidency, emphasizes the importance the government places on the contributions Ghanaians in the Diaspora make to the economy.Established in February 2017, the Diaspora Affairs office’s mission is to efficiently harness, mobilize, and steer Ghanaian resources in the diaspora for political inclusion, economic and socio-cultural development. “Our mission is achieved through a multi-stakeholder coordination approach, involving government ministries, Ghanaian associations abroad, the private sector, non-profit organizations and international organizations,” he added.With decades of experience working in the diaspora himself, Mr. Ababio, alongside his colleagues who in total have more than 50 years’ experience in the diaspora, is expected to leverage his expertise to oversee the strategic use of a comprehensive database for diaspora resource mobilization and utilization.He added that this government has appointed more diasporans to strategic government institutions including regulatory authorities, public companies, ministerial positions, agencies and committees than any other. In business, he noted that hundreds of diasporans are coming back home to set up businesses or take strategic positions in existing businesses and seeking to take these businesses further.“We are gradually importing the attitudinal changes we have experienced in the diaspora here so that people will change their ways. Most diasporans who have returned are already impacting the small communities in which they live. For those who lived well-organized lives in structured and clean environments, they are doing same here and their neighbours, who are indigenes are following suit,” he said.Stressing his commitment to the cause, he assured that Ghana fully engages the diaspora and leverages the pool of talents and investment potential for the development of the country while employing policies and comprehensive strategies that will exponentially grow Ghana’s diaspora remittances beyond the currently stated US$3billion.He pointed out that the office has reviewed the old Diaspora Engagement Policy, and transformed it into a comprehensive document which is currently being reviewed by stakeholders such as diasporan associations in the UK, USA, Europe and other parts of the world, missions and trade unions. The policy document, he said, was aimed at encouraging Ghanaians in the diaspora to bring their technical skills, money and investment opportunities back home to complement growth and development.“The policy document covers all aspects and concerns by diasporans and will become the guiding principle and the policy that every government will work with relative to diasporans affiliated to Ghana. This document will harness the potential out there as willed, therefore, take this nation forward,” he added.Stressing government’s recognition of the contributions of Ghanaians in the diaspora, he pointed out that having this policy document is a major shift in the approach to the members of the diaspora. “This time, we are changing a lot of things. Almost every initiative we are undertaking this year in respect of the Year of Return is going to be institutionalized and held either yearly or every two years. For instance, the Homecoming Festival will be held every two years even after 2019.”Since the launch of the Year of Return, Mr. Ababio added that his office has received well over 100 proposals from individuals and corporate organisations to organize events around the Year of Return. “This means there is a bigger impact we are looking at here when it comes to tourism and business development. Since the announcement by the president, hotels have seen significant bookings with a lot of people coming to Ghana,” he averred.Impact of The 2019 Homecoming SummitIn July, the Diaspora Affairs office organised Diaspora Celebration and Homecoming Summit to lure investors who will help the state realise the Ghana Beyond Aid vision. Mr. Ababio shared his optimism about the enormous impact the celebration and summit would have on the country’s GDP.With more than US$3billion remitted to Ghana annually from around the world, Mr. Ababio noted that government intends to reduce the cost of remittances by some 9 percent in the coming years so as to attract more remittances from abroad to fuel economic growth. The global average cost of sending US$200 remained high, at around 7percent in the first quarter of 2019, according to the World Bank’s Remittance Prices Worldwide database. Reducing remittance costs to 3 percent by 2030 is a global target under Sustainable Development Goal (SDG) 10.7.He explained that government is working with the African Development Bank and the World Bank to craft measures to make the cost of remittances cheaper for Ghanaians abroad. “When the figure comes down we believe it will encourage more remittances. We want it to come down by 8 to 9 percent. The World Bank, however, have a rate they are working with,” Mr. Awuah-Ababio stated.The four-day event recognized and celebrated the immense contributions to nation building by the Ghanaian Diaspora. It also highlighted past contributions but focused on present contributions as well, whiles furthering the advocacy for political, economic, and all other systems and policies that would facilitate future contributions by the diaspora.“This event addressed how economically, we could take advantage of people from the diaspora. A gentleman who attended the meeting approached me afterwards to discuss how to establish a medical facility in Ghana. His dad worked decades as a medical doctor in Europe. This is an example of someone taking advantage.“When we talk about the diaspora, we are talking about people who can help us move Ghana Beyond Aid. Just look at how much they remit annually. We even have young people who do not remit money but have ideas that can help transform the economy based on their experiences living outside Ghana,” he stressed.He assured that Ghana has prepared the grounds well enough for the diaspora to come in and make the most of the opportunities here. “We know the diaspora can be helpful because we cannot continue to depend on aid. This year’s PANAFEST comes with an investment forum to attract investors,” he revealed.Strategic Partnerships to champion the courseThe Diaspora Affairs office has formed crucial partnership with other state institutions, regional, district and local assembly institutions, Ghanaian associations abroad, international organisations and NGOs to promote the interest of Ghanaians in the diaspora, explore more meaningful ways the diaspora could contribute to Ghana’s socio-economic development and creating awareness about the negative effects of irregular migration.Mr. Ababio explained that there is a steering committee that coordinates all activities in relation to the diaspora. This steering committee has him as head or chairperson and well represented by the private sector, tour and tourism representation, CSOs, diasporans and others.“This committee brings people into meetings for purposes of organising events and summits. Then there is an operational committee which has all government representatives including ministries of Foreign Affairs, Interior, Tourism, Finance and others. This is for purposes of engagement and organisation,” he detailed.Due to the extensive nature of operations which take planning to the local level, assembly men and women and chiefs are all engaged. “During PANAFEST, we got the active participation of the Chief of Assin Manso. In Cape Coast, the Chief is a key consultant in making sure PANAFEST was a success,” he noted.World’s traffic soon to be directed to GhanaApart from the huge numbers who will be coming through the various entry point, the countless activities will generate significant jobs and revenues for the people of Ghana. “For example, the global pageant, Miss Heritage, was switched to Ghana as host country due to the Year of Return activities. What we want to do is direct the world’s traffic to Ghana so that our black family will have the rebirth and reconnection with the motherland,” he concluded.In the upcoming months, various events shall be holding to continue The Year of Return celebration and so everyone can join in the festivities after carefully identifying which of the events suit their time. Continue Reading Advertisement LatestPopular LN | Business5 days agoKasapreko Alomo, King of Bitters @ 20 The Focus5 days agoGHANA’S DEBT CRISIS– The Rising Concerns Economy5 days agoRevenue Blues for the Government Banking5 days agoTransforming Banking Operations to Suit New Age Customers Insurance5 days agoClimbing the Power Curve: Winning in the Insurance Market Real Estate5 days agoCosts Unknown to Home Buyers in Purchasing New Homes Investor's World5 days agoInvesting– No Longer a Luxury! Wealth Advisor5 days agoKnowing your money personality helps to shape financial and life goals Insights5 days agoGrowth-leadership mind-set needed to capture growth Technology5 days agoEmerging technologies to address world’s challenges Technology5 days agoEmerging technologies to address world’s challenges Health5 days agoGiving Priority to Sleep: The Right Dose to a Healthy life Business5 days agoDIGITIZATION – Redefining the Rhythm of Competition in Businesses Profiles5 days ago“Technology, though very important, thrives on distinguished Customer Service” Mrs. Marufatu Abiola Bawuah (Regional CEO, West Africa 1, UBA ) Banking5 days agoTransforming Banking Operations to Suit New Age Customers LN | Business5 days agoKasapreko Alomo, King of Bitters @ 20 Business Interview5 days agoExpertise and investment– grounds for the “year Of return, Ghana 2019” Wheels5 days agoChangan- To disrupt Ghana’s Automobile Market! Africa5 days agoRepublic of Burkina Faso The Focus5 days agoGHANA’S DEBT CRISIS– The Rising Concerns Advertisement Trending Profiles1 year ago“I believe manufacturing is one area that can push the country…” – Dr Ernest Ofori Sarpong, CEO, Special Ice Ltd Profiles11 months agoIn reality, we are in a very high political environment in Ghana… Mr. Eric Seddy Kutortse – Executive Chairman, First Sky Group Profiles1 year ago“Don’t lose hope, keep knocking” – Alhaji Yusif Ibrahim, Board Chairman, GT Bank Ltd. The Focus2 months agoIs China Recolonizing Africa?