{"id":54115,"date":"2023-04-04T12:06:19","date_gmt":"2023-04-04T12:06:19","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/04\/3business-summit-ghana-has-lost-its-identity-as-an-agric-nation-to-service-bokpin\/"},"modified":"2023-04-04T12:06:19","modified_gmt":"2023-04-04T12:06:19","slug":"3business-summit-ghana-has-lost-its-identity-as-an-agric-nation-to-service-bokpin","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/04\/3business-summit-ghana-has-lost-its-identity-as-an-agric-nation-to-service-bokpin\/","title":{"rendered":"3business Summit: Ghana has lost its identity as an agric nation to service &#8211; Bokpin"},"content":{"rendered":"<p><\/p>\n<div data-td-block-uid=\"tdi_22\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p><strong>A Professor at the University of Ghana Business School, Godfred Bokpin has said that Ghana has lost its status as an agricultural nation to service.<\/strong><\/p>\n<p>Even with the service status, he said, it is only based on retail and wholesale thereby relying heavily on importation.<\/p>\n<p>Once the country imports heavily, it creates jobs for others countries and creates unemployment domestically, he added.<\/p>\n<p>Speaking at the 3Business Economic Sustainability Summit held in Accra on Tuesday April 4, Prof Bokpin said \u201cGhana, from independence, was known for agriculture but today Ghana is not known for agriculture. Ghana is known for service but the question is, is Ghana really a service-based economy?<\/p>\n<p><iframe loading=\"lazy\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/facebook-minimal.jpg\" data-category=\"marketing\" data-service=\"facebook\" class=\"cmplz-placeholder-element cmplz-iframe cmplz-iframe-styles cmplz-no-video \" data-cmplz-target=\"src\" data-src-cmplz=\"https:\/\/www.facebook.com\/plugins\/video.php?height=314&amp;href=https%3A%2F%2Fweb.facebook.com%2FTV3GH%2Fvideos%2F901309570978749%2F&amp;show_text=false&amp;width=560&amp;t=0\" style=\"border: none; overflow: hidden;\" src=\"https:\/\/3news.com\/3business-summit-ghana-has-lost-its-identity-as-an-agric-nation-to-service-bokpin\/about:blank\" width=\"560\" height=\"314\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>\u201cThe answer is no. Typically, if you look at the economic transformation when a country begins from agriculture and suddenly service is leading it tells you that that economy is matured so it has gone through that process but in the case of Ghana we started off agriculture being the leading contributor to the GDP and then we skipped industry, that is what the data is telling us and then we jumped straight to service.<\/p>\n<p>\u201cThat service sector is actually not quality service, it is the sector that is driven by retail and wholesale, largely import. Once your service sector is leading particularly in the area of retail and wholesale, once your industry isn\u2019t doing well then it means the bulk of what is happening is going to be important, typically once you import, you are important unemployment.\u201d<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Professor at the University of Ghana Business School, Godfred Bokpin has said that Ghana has lost its status as an agricultural nation to service. Even with the service status, he said, it is only based on retail and wholesale thereby relying heavily on importation. Once the country imports heavily, it creates jobs for others [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-54115","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3business Summit: Ghana has lost its identity as an agric nation to service - Bokpin - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/04\/04\/3business-summit-ghana-has-lost-its-identity-as-an-agric-nation-to-service-bokpin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3business Summit: Ghana has lost its identity as an agric nation to service - Bokpin - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"A Professor at the University of Ghana Business School, Godfred Bokpin has said that Ghana has lost its status as an agricultural nation to service. 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