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News : Economic Last Updated: Dec 3rd, 2007 - 13:23:56


Minister Advocates Knowledge-Based Economy
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Dec 3, 2007, 13:23

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The Minister of Defence, Albert Kan-Dapaah says developing countries have the obligation to build a knowledge-based economy that would lead to economic revolution and ensure that they compete effectively with the developed nations.

According to him, developing nations of today are poor largely because of their inability to take advantage of previous economic revolutions that took place in the agricultural, industrial and scientific sectors.

Mr. Kan-Dapaah said this at a reception organized by the Indian High Commission to mark Indian Technical and Economic Co-operation (ITEC) Day.

The ITEC programme, which was launched by the government of India in 1964, has provided training in India in various fields such as banking, Information Communication and Technology (ICT), audit and accounts, hydrology, management and journalism for almost 30,000 foreign nominees from developing countries.

Mr. Kan-Dapaah urged developing countries to take advantage of another emerging economic revolution, which had been sparked by ICT, in order to achieve growth and prosperity.

He commended the Indian government for the investment and gains made in the field of ICT.

Rajesh Nandan Prasad, High Commissioner of India in Ghana, said a total of 1,350 training slots were allotted each year and 800 were earmarked for candidates from Africa.

He said 70 training slots had been earmarked for Ghana this year adding that since the inception of the programme, India had provided technical assistance worth more than $2 billion to developing countries.

By Patrick Baidoo
Source/Credits: Daily Guide

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