Introduction to the 24-Hour Economy and the Role of GRATIS Foundation
The concept of a 24-hour economy is gaining momentum in many developing nations, with a focus on creating sustainable employment opportunities and reducing poverty. In Ghana, the GRATIS Foundation has emerged as a key player in this initiative, aiming to drive industrialization and support the transition from a primary agriculture-based economy to a more diversified one.
The Mission of the GRATIS Foundation
Dr. Isaac Adaebsah, the Acting Chief Executive Officer of the GRATIS Foundation, emphasized that the foundation is repositioning itself to contribute significantly to the implementation of the 24-hour economy. This initiative is designed to enhance job creation and reduce poverty by fostering economic growth through innovation and technology.
According to Dr. Adaebsah, the foundation is preparing to take over and manage 31 Technology Solutions Centers (TSCs) under the Rural Enterprises Programme (REP). These centers are vital in supporting micro, small, and medium-sized enterprises (MSMEs) by providing them with technical training, technology solutions, and the fabrication of agro-processing machinery.
The Impact of Technology Solutions Centers
The TSCs play a crucial role in promoting technology transfer and enhancing productivity, especially within the agricultural and agro-industrial sectors. By leveraging these centers, the GRATIS Foundation aims to empower more youth and create a workforce capable of driving the country's economic transformation.
Dr. Adaebsah stated that the REP program has concluded, and the TSCs will soon be handed over to the foundation. This transition is expected to provide the foundation with the necessary tools and resources to expand its operations and reach more communities across the country.
Employment Opportunities and Industrialization
In addition to managing the TSCs, the foundation is also exploring new employment opportunities. Dr. Adaebsah mentioned that the foundation has received offers from organizations such as the World Food Programme, further highlighting the potential for growth and development.
Industrialization is seen as a critical factor in achieving national progress and economic prosperity. Dr. Adaebsah assured that the foundation will align itself with these goals, enrolling more youth into fabrication and contributing to the 24-hour economy. This approach not only addresses unemployment but also fosters a culture of innovation and entrepreneurship.
Background of the GRATIS Foundation
The GRATIS Foundation, established in 1999, evolved from the Ghana Regional Appropriate Technology Industrial Service (GRATIS) project. Initially launched in 1987 by the government with support from the European Union and the Canadian International Development Agency, the project aimed to promote small-scale industrialization in the country.
As a technology transfer, training, and manufacturing agency under the Ministry of Trade and Industry, the foundation continues to play a pivotal role in driving economic development. Its mission is to support local industries and create sustainable livelihoods for the population.
Conclusion
The efforts of the GRATIS Foundation in embracing the 24-hour economy and focusing on industrialization are essential for Ghana's future. By taking over the TSCs and expanding its initiatives, the foundation is poised to make a significant impact on job creation and poverty reduction. With a strong emphasis on technology and training, the foundation is well-positioned to lead the way in transforming Ghana's economy and ensuring long-term prosperity for its citizens.
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