Akufo-Addo Calls For New Approach To Elevate African Economies In Global Trade

Akufo-Addo calls for new approach to elevate African economies in global trade

By Majesty 7 Min Read
President Akufo Addo

President Nana Addo Dankwa Akufo-Addo has said that it is clear, presently like never before, that another paradigm depended on underlying change must be characterized to permit African economies exchange at the high finish of the global value chain and empower a hearty exchanging framework among Europe and Africa, Austria and Ghana.

It was his view that this would create shared thriving for the people groups of the two mainlands and nations.

The President expressed these on Tuesday, 30th January 2024, when he joined his kindred Heads of States and world business pioneers at the Africa Day 2024 Highest point, in Vienna, Austria and conveyed a location on the “Africa Rising” Account.

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The President composed on his Facebook page after the location that “It is clear, presently like never before, that another paradigm depended on underlying change must be characterized to permit African economies exchange at the high finish of the global value chain and empower a hearty exchanging framework among Europe and Africa, Austria and Ghana. This will produce common success for the people groups of the two landmasses and nations.

President Akufo-Addo in his location during the occasion additionally approached world pioneers to perceive that the rising degrees of between reliance among the comity of countries converts into shared fates, whether fortunate or unfortunate, across the globe.

He told the get-together of global pioneers that, he accepts an advanced and prosperous Africa would be great, for us Africa, yet in addition for you, here in Austria and Europe.”

Refering to forerunners of evenhanded equilibrium of riches, he insinuated the illustrations of history that has shown that “a rich exchanging accomplice, working inside a fair, exchanging framework, carries success to the two sides, definitely more than the double-dealing of an unfortunate accomplice,” he said.

 Also, he expressed with certainty that, “the issues that face the world are bound to be immediately settled when we are prosperous, than when a portion of the world is drenched in destitution.”

Stressing on the explanations behind a fair and commonly gainful exchanging framework, he said, “the mainland is in control of about a third of the world’s leftover mineral assets, and 66% of the world’s arable land.”

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Nonetheless, he weeped over the age-long practice where Africa has been to a great extent reliant upon the creation and product of unrefined substances, with practically no significant value-expansion processes.

“Following sixty odd years, clearly the guide way won’t take Africa to where she must be. Africa would rather not be a scar on anyone’s soul. She would rather not be felt sorry for; she would rather not be either a pawn or a casualty. Africa no longer needs to be the default spot to go to track down the recording to represent starvation stories. We never again need to offer the avocation for the individuals who need to be impolite and oppressive about Africa and her people groups,” he focused.

Reviewing what is happening during the last 50% of the 100 years, that’s what he revealed, ‘the nations that took fast financial steps were the ones that focused on interest in schooling and abilities preparing, and supported elevated degrees of interest in business visionary turn of events.”

That’s what he added, the vital impetuses to speed up financial development, guarantee food security, and make occupations for our informed, engaged youth, will be to spike the development of additional enterprising economies in Africa will give the premise to undertaking the dire assignment of the primary change of African economies, which are to a great extent subject to the creation and commodity of unrefined components, to value-added, modern ones, and invigorate farming efficiency.

“I’m here today to call for expanded speculation and exchange between our two landmasses. Exchange relations between us have developed through history, and obviously another paradigm must be characterized, which will be subject to the underlying change of the African and Ghanaian economies from natural substance delivering and sending out economies, to value-adding, industrializing economies,” he told the get-together.

When this done, President Akufo-Addo, proceeded with that, I”t will empower the nations on the landmass, including Ghana, to exchange at the high finish of the global value chain, managing in items we make and develop. Out of this, a vigorous exchanging framework among Europe and Africa, Austria and Ghana will be made, which will create common thriving for the people groups of the two landmasses and nations.

Depicting Ghana as a sanctuary of harmony, security and soundness and the most secure country in West Africa where genuine ventures are safeguarded, he said, “we have set out to construct a moderate and prosperous nation, and are drawing motivation from the example of overcoming adversity of nations all over the planet. We have likewise chosen to walk connected at the hip with the confidential area and the business local area in this excursion.”

That is the reason “we have really buckled down these beyond three years to turn the corner, and return to the high times of development which portrayed my initial term in office, when we were, reliably, among the most elevated developing economies on the planet,” energized by the general objective of making the Ghanaian economy the most business-accommodating economy in Africa.

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