President Nana Addo Dankwa Akufo-Addo has said at the 77TH session of the United Nations General Assembly on Wednesday September 21 that the African Continental Free Trade Area (AfCFTA), whose Secretariat is located in Accra, Ghana’s capital, is driving intra-Africa trade and creating an unparalleled momentum for our continent’s economic diversity and transformation.
He claimed that industrialization is the way to go and that Ghana has adopted legislative measures to increase the value of its natural resources thanks to the increased incentive provided by the single market.
For instance, “we are processing more of our cocoa, refining more of our gold, and we are determined to use the full value chain of our enormous lithium deposits,” he said.
We are hard at work developing an integrated bauxite and aluminum business, an integrated iron and steel industry, new oil refineries, and have already convinced six (6) of the largest automakers in the world to establish assembling plants in Ghana before beginning production there.
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In line with the African Union’s Agenda 2063 and the United Nation’s Sustainable Development Goals (SDGs), Africa’s ambition is to transform the food systems over the next decade, anchored in the Comprehensive Africa Agriculture Development Programme (CAADP) and the Malabo Declaration on Accelerated Agricultural Growth, Mr Akufo-Addo intimated.
“What we require now is support from the investor community for the rolling out of Africa’s lucrative agro-industry, and for the community to see agribusiness in Africa as much more an opportunity than the perceived, exaggerated risk which has been the false, but dominant narrative,” he said.
