The Growth Of The Human Capital Base Is Guaranteed

At the United Nations SDGs Summit in New York, on 21st September, 2023, Ghana’s minister for Finance, Ken Ofori-Atta has given the firm affirmation that, government’s plan of giving financial opportunity and social freedom through human resources development wouldn’t be compromised in light of elections.

As indicated by him, though Ghanaians were yet to fully realise the gains of some policy interventions like the Free Senior High School programme, the One District One Factory, among others, the government of Ghana would keep on leaving on such arrangements that had long haul benefits for Ghanaians instead of unconstrained tasks for political additions.

He said the real gains of the Free Senior High School will not be seen in four years and so it is a choice and a real daring pursuit of the government to develop the human capital of the country and that is linked with the SDGs.

Mr. Ofori-Atta further added that the government was clear about the development of its kin’s human capital base, especially in the space of education, health, and technology. However, limited resources were being used to pursue significant projects and that called for prioritization of the projects.

He made these statements at the 78th United Nations General Assembly, a side event of the United Nations SDGs Summit 2023. It was convened by The Government of Ghana in collaboration with the Governments of Uganda, Nigeria and Tonga.

The event under the theme ‘’Accelerator actions and innovative financing to deliver on the SDGs by 2030’’ also brought together officials from Hilton Foundation, the International Rescued Committee, IRC, and Ghana UN Country Team.

For the minister, the answer for the horde of challenges obstructing the accomplishment of SDGs focuses on the continent were known to all, but what was lacking was prioritizing them in the face of limited resources.

‘’We could have enough resources globally, have the solutions, and the human capital on our side, but we are not there. Everybody is saying the right thing but somehow, we are not there,’’ he said.

He highlighted the requirement for a change in outlook away from the standard describing of issues and move towards real inspiration to achieve a change in view of idealism that human lives would be gotten to the next level.

The Finance Minister called for a more deliberate conversation on prioritizing sustainable development goals to achieve the desired outcomes in the face of limited financing.

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Lord Fakafanua, Speaker of the legislative Assembly of Tonga also stated that, most of the SDGs were held ransom by climate change and that no single country could address these challenges alone.

According to him, developed countries had a moral obligation to address the challenges posed by climate change and COP 27 affirmed what the Pacific knew to be true about climate financing and the need for more commitments to ensure climate prosperity for the next generation.

‘’Sometimes the solutions are just common sense, we just need to take time to realise and bring them to action,’’ he concluded.

Dr Kodjo Esseim Mensah-Abrampa, the Director-General of the National Development Planning Commission, in his remarks noted that, the challenge for most African countries was the penchant for ad hoc or short-term solutions to long term challenges.

He stated that, for most African countries, a lot of the gains made in the area of national policies may not be immediate and, therefore, there was the need for structural elements in dealing with these challenges.

He discussed change of the economy, progressing from being essential producers of products to value additions and protection of the vulnerable through programmes like LEAP programme as the essential elements that needed priority in the national budget.

Ministry of Finance | Ghana