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Let's improve on intra-Africa trade - Akufo-Addo

Let's improve on intra-Africa trade - Akufo-Addo

has asked African countries to scale up trading among themselves.

He stated that intra-Africa trade is one of the ways of empowering Africans to grow the economies of other respective countries.

Mr Akufo-Addo was speaking during the opening the 7th African Leadership Forum in Accra on Thursday, May 25.

He said “No country can afford to do it alone, in Africa, we cannot allow our collective faith to be decided by exogenous shocks thousands and thousands of miles away.

“The time is long overdue for Africa and Africans to define our own narrative, it must be defined by what see in ourselves and not what they choose to say about us.

“However, this cannot happen if we do not trade among ourselves.

Africa accounts for only 3 percent of global trade and intra-Africa trade is one of the lowest of any region globally.

“This is largely due to the colonial economic module characterized by small individual economies, fragmented and disconnected regional markets, overreliance on the production export of primary commodities and the presence of low productive capacities which have been in existence for the last century.

“As the adage goes, there is strength in unity, and for all 54-member states of the African Union, our strength is in our numbers.”

Source: 3News


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