{"id":72384,"date":"2024-05-03T17:13:44","date_gmt":"2024-05-03T17:13:44","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/invest-more-in-quality-and-timely-data-finance-minister"},"modified":"2024-05-03T18:24:37","modified_gmt":"2024-05-03T18:24:37","slug":"invest-more-in-quality-and-timely-data-finance-minister","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-more-in-quality-and-timely-data-finance-minister","title":{"rendered":"Invest more in quality and timely data \u2013 Finance Minister"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Dr Mohammed Amin Adam, Minister for Finance says that availability of high quality and timely data is a major enabler for developing countries to leapfrog and called on governments and development partners to scale up investment in data for accelerated development.<\/b><\/p>\n

\u201cI will like to use this occasion, to call on policy makers to prioritise investments in data systems as that is the way to go if we have to fast-track our development ambitions,\u201d he said.<\/p>\n

In addition to the above, he noted that it was equally important to establish robust data governance frameworks to ensure quality and security, promote open data policies to enhance transparency and accountability.<\/p>\n

Ghana\u2019s Minister for Finance was speaking at a World Bank Partnership Roundtable: \u201cThe Power of Data \u2013 Unlocking the Data Dividend\u201d at the margins of the 2024 IMF-WB Spring Meetings in Washington DC.<\/p>\n

The programme brought together policy makers, development partners, and practitioners to discuss and promote the development and use of data.<\/p>\n

He reiterated that, quality and timely data were \u201ckey raw material\u201d for development, essential for addressing developmental challenges such as climate change, emergency response, poverty, inequality, health care, education, descent jobs, debt sustainability, macroeconomic stabilisation, growth, and good governance.<\/p>\n

Dr Amin Adam further underscored the return on investment in data saying that recent research indicated an average return of $32 for every dollar invested in data systems and called on the private sector and development partners to scale up their support for data systems.<\/p>\n

\u201cAs we forge ahead, it is critical that we remain committed to leveraging the power of data to address pressing challenges, drive innovation, and create a better future for all. Together, with a clear vision and a strong commitment to data-driven policymaking, we can chart a path towards prosperity and resilience for generations to come,\u201d he emphasised.<\/p>\n

The Minister, who is also the Member of Parliament for Karaga, gave an overview of what government has been doing to strengthen Ghana\u2019s national statistical systems.<\/p>\n

These include the National Data Roadmap to improve tracking of the Sustainable Development Goals (SDGs) was developed in 2017; passage of the Statistical Service Act (ACT1009) in 2019, operationalisation of the National Statistics Advisory Committee and the Harmonising and Improving Statistics in West Africa, in addition to a number of others supported by development partners such as the Power of Dation High Impact Initiative.<\/p>\n

\u201cThe strides made by the Ghanaian government, in collaboration with development partners and international organizations, underscore a collective commitment to harnessing the power of data for the betterment of society.\u201d<\/p>\n

Dr Amin Adam, therefore, called for more investment and collaboration to harness the power of data and to close the big gap both globally and at the country level in timely generation of high-quality data to support developmental efforts.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Dr Mohammed Amin Adam, Minister for Finance says that availability of high quality and timely data is a major enabler for developing countries to leapfrog and called on governments and development partners to scale up investment in data for accelerated development. \u201cI will like to use this occasion, to call on policy […]<\/p>\n","protected":false},"author":84,"featured_media":72383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-72384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nInvest more in quality and timely data \u2013 Finance Minister - Ghana<\/title>\n<meta name=\"description\" content=\"Dr Mohammed Amin Adam, Minister for Finance says that availability of high quality and timely data is a major enabler ...\" \/>\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.africa-press.net\/ghana\/all-news\/invest-more-in-quality-and-timely-data-finance-minister\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Invest more in quality and timely data \u2013 Finance Minister\" \/>\n<meta property=\"og:description\" content=\"Dr Mohammed Amin Adam, Minister for Finance says that availability of high quality and timely data is a major enabler ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-more-in-quality-and-timely-data-finance-minister\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-03T17:13:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-03T18:24:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1714747890.479692.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-more-in-quality-and-timely-data-finance-minister#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-more-in-quality-and-timely-data-finance-minister\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Invest more in quality and timely data \u2013 Finance Minister\",\"datePublished\":\"2024-05-03T17:13:44+00:00\",\"dateModified\":\"2024-05-03T18:24:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-more-in-quality-and-timely-data-finance-minister\"},\"wordCount\":479,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-more-in-quality-and-timely-data-finance-minister#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1714747890.479692.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-more-in-quality-and-timely-data-finance-minister#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-more-in-quality-and-timely-data-finance-minister\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/invest-more-in-quality-and-timely-data-finance-minister\",\"name\":\"Invest more in quality and timely data \u2013 Finance Minister - 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