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
-
Four suspects arrested in fatal kidnapping attempt near Chereponi
37 minutes -
Sankofa Pan-African Committee honours Temple of Rabbi leader as ‘Custodian of Peace’
41 minutes -
Obuasi Trade Show records high turn-out and strong impact
56 minutes -
‘Obroni wawu’ – The paradise of waste: Where Charity becomes a curse
1 hour -
38 arrested in intelligence-led police operations across parts of Tema Region
1 hour -
Experts say missing engine part in most Ghanaian vehicles polluting air, sickening people
2 hours -
India express train kills seven elephants crossing tracks
2 hours -
Gunmen kill nine in South Africa tavern attack
2 hours -
Charting a New Course for National Prosperity: Why an open ship registry can anchor Ghana’s twenty-four-hour economy vision
3 hours -
Ghana Airways restoration key to national pride and economic reset – Ablakwa
3 hours -
US seizes second oil tanker off Venezuela’s coast
4 hours -
Australian PM announces intelligence review as country mourns Bondi attack
4 hours -
Imran Khan and wife given further jail terms after state gift fraud case
4 hours -
5 perish in fatal collision on Cape Coast–Takoradi Highway
4 hours -
Sing Traditional Area marks 10 years of reign of youngest paramount queenmother
4 hours
