Audio By Carbonatix
President John Mahama emphasized the need for a concerted effort to invest in critical infrastructure and harmonise trade policies across the continent to unlock Africa’s economic potential.
Speaking at the Africa Prosperity Dialogues 2025 in Accra, on Saturday, February 1, President Mahama stated that while trade derealization is an important step, it is not enough on its own to drive sustained economic growth.
He highlighted the importance of investing in infrastructure, such as efficient road and rail networks, ports, and digital connectivity, to facilitate smoother and more cost-effective trade.
"We must strengthen African supply chains to ensure that our industries produce goods that meet both regional and global standards," he said.
He underscored the need to eliminate non-tariff barriers and reduce the cost of doing business across borders to foster an environment conducive to trade and economic collaboration.
Mr Mahama also stressed the importance of accelerating the operationalization of the Pan-African Payment and Settlement System (PAPSS), which would help streamline financial transactions and facilitate the movement of goods and services across Africa.
He added "If we commit to these actions, we can unlock a $3.4 trillion market, creating jobs and prosperity for millions of Africans across this continent."
The dialogue brought together policymakers, business leaders, and thought leaders from across Africa to discuss solutions to the continent’s economic challenges and opportunities for growth.
Latest Stories
-
‘Give to gain’ to empower yourself, others and the community – Telecel Ghana CEO
2 minutes -
Kenyans will no longer fight for Russia in Ukraine, Mudavadi says in Moscow
2 minutes -
Divaloper renews partnership with KGL Foundation to expand STEM training for girls
2 minutes -
Iran holds the key to reopening global energy markets
2 minutes -
Your daily walk matters in more ways than you think
3 minutes -
Tamed Tiger or Sleeping Giant? Inflation’s dramatic fall and its role in Ghana’s economic resurgence
4 minutes -
Chelsea fined £10.75m for breaching Premier League rules
8 minutes -
Wontumi ordered to open defence in illegal mining trial
10 minutes -
Prudential Bank donates to support Ghana Prisons Service’s Think Prisons 360 Initiative
19 minutes -
The Deaf and Dynamic Forum: The untamed voices paves way for accessible AI tech for the hearing impaired
29 minutes -
The name ‘highlife’ was first written on paper in September 1925 – Prof John Collins
37 minutes -
Democracy Cup: Ghana Parliament delegation visits Sunderland to strengthen partnership
37 minutes -
No conclusion for fare increment yet—GPRTU
38 minutes -
World Bank MD praises Ghana’s economic turnaround
52 minutes -
Dust, potholes and danger: Awoshie Last Stop–Gbawe road worsens
58 minutes
