Audio By Carbonatix
World Bank Managing Director Ngozi Okonjo-Iweala says agriculture and infrastructural development are the pivot about which economic transforation for Africa can be realised.
Speaking in an exclusive interview to Joy FM’s Kojo Oppong-Nkrumah at the World Economic Forum for Africa on how the continent can weather the current crisis, Mrs. Okonjo-Iweala said Africa must not see itself as a victim in the crisis.
The World Bank Managing Director maintained that Africa’s economies must regard the global economic crisis as a challenge for growth.
She said the continent must focus on areas that provide the brightest opportunities for their economies.
“We should be looking into those areas that provide the most opportunity for investors both domestic as well as foreign,” Mrs Okonjo-Iweala stressed.
She said discussions at the forum portrayed an investor interest in a mix of commercial agriculture and adding value to agricultural produce.
Mrs Okonjo-Iweala added that the continent must also look at drawing its own programmes it wants the World Bank to support rather than signing up for programmes that have already been drawn out for them.
Hundreds of African business and political leaders including several heads of state are attending the programme to discuss a possible response to the global economic crisis.
The meeting dubbed the World Economic Forum on Africa in Cape Town is expected to be dominated by the recession on the continent.
One of the key events on the program is the release of the African progress report which will offer solutions on how a united African leadership can address challenges to the continent’s continuous development.
Director of the World Economic Forum for Africa Catherine Tweedy said this year's forum will offer the best solutions for Africa's economic hurdles.
Credit: Joy Business
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana, UNICEF strengthen partnership to advance child protection
18 minutes -
Day Two of 3rd Republic Bank-JoyNews Habitat Fair ends with great homeownership offers and financing solutions
22 minutes -
Guinness Ghana DJ Awards 2026 Pub Fest celebrates Ghana’s DJ culture as Accra turns up the energy
40 minutes -
10th woman found dead in South Africa’s string of killings
41 minutes -
French Embassy trains Ghana Police CTU in counter-terrorism operations
1 hour -
UPSA uncovers mass results manipulation involving 178 students, over 500 results compromised
2 hours -
ECG announces planned power outages in parts of Tema from Sept. 29 to October 1
2 hours -
Sylvester Mensah urges Latenu FM to promote trade, export opportunities in Ga
2 hours -
Ga language under threat of decline as children shy away from speaking it – Sylvester Mensah
2 hours -
‘Let every Ga child you raise know the Ga language and story’ – Sylvester Mensah
3 hours -
‘We are not deterred’ – Ablakwa responds to backlash over South Africa evacuation
3 hours -
Day Two: Republic Bank-JoyNews Habitat Fair gains momentum at Junction Mall
3 hours -
NCA announces major voice and data disruption across Northern Ghana due to fibre cuts
3 hours -
Photos: Housing solutions take centre stage at Day 2 of the 3rd Republic Bank-JoyNews Habitat Fair
4 hours -
Nana Agyei Baffuor Awuah denies allegations of charging ‘excessive legal fees’
4 hours