The President of the Republic, Nana Addo Dankwa Akufo-Addo, has known as on world leaders to acknowledge that the growing ranges of inter-dependency amongst the comity of countries interprets into shared destinies, whether or not good or dangerous, throughout the globe.
Talking on the annual Africa Day occasion, on Tuesday, thirtieth January, 2024, Vienna, Austria, President Akufo-Addo instructed the gathering of world leaders that, he believes a well-developed and affluent Africa can be good, not only for us Africa, but in addition for you, right here in Austria and Europe.”
Citing antecedents of equitable steadiness of wealth, he alluded to the teachings of historical past that has proven that “a wealthy buying and selling accomplice, working inside a good, buying and selling system, brings prosperity to either side, excess of the exploitation of a poor accomplice,” he mentioned.
As well as, he acknowledged confidently that, “the issues that face the world usually tend to be shortly resolved after we are all affluent, than when half the world is immersed in poverty.”
Emphasising on the explanations for a good and mutually useful buying and selling system, he mentioned, “the continent is in possession of thirty p.c of the earth’s remaining mineral sources, and two-thirds of the earth’s arable land.”
Nevertheless, he bemoaned the age-long follow the place Africa has been largely depending on the manufacturing and export of uncooked supplies, with none significant value-addition processes.
“After sixty odd years, it’s apparent that the help path is not going to take Africa to the place she must be. Africa doesn’t need to be a scar on anyone’s conscience. She doesn’t need to be pitied; she doesn’t need to be both a pawn or a sufferer. Africa not desires to be the default place to go to seek out the footage as an instance famine tales. We not need to provide the justification for individuals who need to be impolite and abusive about Africa and her peoples,” he burdened.
Recalling the prevalent scenario throughout the latter half of the century, he disclosed that, ‘the international locations that made fast financial strides have been those that prioritised funding in schooling and abilities coaching, and inspired excessive ranges of funding in entrepreneur growth.”
He added that, the important thing catalysts to speed up financial progress, guarantee meals safety, and create jobs for our educated, empowered youth, will likely be to spur the expansion of extra entrepreneurial economies in Africa will present the premise for enterprise the pressing job of the structural transformation of African economies, that are largely depending on the manufacturing and export of uncooked supplies, to value-added, industrial ones, and stimulate agricultural productiveness.
“I’m right here immediately to name for elevated funding and commerce between our two continents. Commerce relations between us have developed by means of historical past, and it’s clear {that a} new paradigm must be outlined, which will likely be depending on the structural transformation of the African and Ghanaian economies from uncooked materials producing and exporting economies, to value-adding, industrialising economies,” he instructed the gathering.
As soon as this carried out, President Akufo-Addo, continued that, I”t will allow the international locations on the continent, together with Ghana, to commerce on the excessive finish of the worldwide worth chain, dealing in merchandise we make and develop. Out of this, a strong buying and selling system between Europe and Africa, Austria and Ghana will likely be created, which is able to generate mutual prosperity for the peoples of the 2 continents and international locations.
Desecribing Ghana as a haven of peace, safety and stability and the most secure nation in West Africa the place reputable investments are protected, he mentioned, “we’ve resolved to construct a progressive and affluent nation, and are drawing inspiration from the success story of nations world wide. We now have additionally determined to stroll hand-in-hand with the non-public sector and the enterprise group on this journey.”
That’s the reason “we’ve labored exhausting these previous three years to show the nook, and return to the excessive intervals of progress which characterised my first time period in workplace, after we have been, constantly, amongst the very best rising economies on the planet,” fueled by the overarching aim of constructing the Ghanaian financial system probably the most business-friendly financial system in Africa.”
