Skip to main content

Akufo-Addo to host 3-Day Africa Prosperity Dialogues from January 25, 2024

 


The Africa Prosperity Network (APN) in collaboration with the Africa Continental Free Trade Area Secretariat is set to organise the Africa Prosperity Dialogues in Ghana from January 25-27, 2024.

The meeting will offer top business leaders, heads of international development institutions, and social change markers a unique platform to deliberate and proffer comprehensive policies aimed at boosting intra-Africa trade.

According to the APN, the event will ensure that the continued rulebook of the colonial-era commercial arrangements is rewritten, where Africa’s resources feed the continent’s machines through actionable and bankable value-added pathways.

Addressing journalists ahead of the three-day conference, Founder and Executive Chairman of Africa Prosperity Network, Gabby Asare Otchere-Darko said it’s time to invest in key sectors and prioritise trade to unlock Africa’s global potential.

The idea about the single market is about what. It is about the economy, and who are the drivers of the economy? Is the private sector. So we thought that it was important to find a way to let the private sector on the continent own the AfCFTA and drive it”.

“In order for us to move on, we need to find a way to aggregate our resources, human strength, and natural resources to build linkages across the continent”, he added. 

The establishment of the AfCFTA, does not only provide a robust policy framework for boosting intra-African trade but also elevates Africa’s economies.

Chief of Staff at AFCTA, Silva Ojakol stated that the three-day event will embolden the vision and mission of the PACT.

Our contribution to industrial growth is only 2.0%. Why, because we allow our resources to be taken away and value elsewhere when we could actually add value here. We need to rise above this. This disparity highlights the urgent need for industrialisation for improved infrastructure and energy solution to enhance competitiveness and reduce the production cost”. 

Meanwhile the theme for the 2024 Africa Prosperity Dialogues is “Delivering Prosperity in Africa-Produce, Add Value, Trade”.

The event is to be hosted by the President of Ghana, Nana Akufo-Addo. There will also be the Africa Prosperity Champions Awards and Presidential gala dinner on the night of January 26, 2024 at Kempinski Hotel in Accra, ahead of the Presidential Dialogues at Peduase Presidential Lodge, Aburi Hills on Saturda

Labels:

Comments

Post a Comment

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...
Post a Comment
Read more

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...
Post a Comment
Read more

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...
Post a Comment
Read more