The Chief Executive Officer of the Northern Development Authority (NDA), Dr Abdul Majeed Haroun has disclosed that, the northern ecological zone will soon get the first ever Development Bank for the area. According to him, the African Development Bank (AfriBank) has already approved some 50, 000 dollars for the conceptualization process to begin.
He said this is to help the authority design the concept of the bank. The NDA Boss expressed optimism that, the conceptualization of the Northern Development Bank will end before December this year. Aside this, Dr Majeed Haroun indicated that, the authority has also identified some of the major challenges confronting northern Ghana and thus, proffer some solutions. He hinted that, the authority will further solicit ideas and information from all stakeholders and the public in order to tackle the problems.
He implored Ghanaian researchers to explore the avenues available in the country. He explained that, the Regional Center of the FAO is in Ghana but people don’t use them. He added that, there is also something they call the Technical Corporation Project, which support researchers with funds to a tune of about 500, 000 dollars in order to conduct their research adequately.
Dr Abdul Majeed Haroun made this statement while addressing stakeholders at the launch of the UNDP second regional report for Ghana in Tamale. He said only determination can make them achieve their goals and admonished them that, “don’t fear to experiment.” He bemoaned the fact that, Ghana imports 700, 000, 000 dollars of news print papers annually. “…Just news print paper, let’s not talk about toilet tissue, 700, 000, 000 dollars a year. With only 25, 000, 000 dollars we can do a thousand acres of polonium trees that can serve 200 youth, only 5 acres each and when we cut the tree and it is not going to wait for 5 years, 25 years or 30 years, polonium will grow to a full mature tree in 5 years. NDA will cut it at two and half years and form paper with it; we are here to solve problems and I promise you, we shall solve problems with the help of the government” he assured.
Meanwhile, the NDA Chief Executive further revealed that, the authority has signed a Memorandum of Understanding with a private company to bring a development satellite channel to address the communications problems in the area.
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