Finance Minister highlights intra-African trade as a catalyst for economic growth

The Minister of Finance, Dr Mohammed Amin Adam has highlighted intra-African trade as a catalyst for economic growth, job creation, and poverty reduction.He stressed the commitment of African governments to surmounting all impediments, with the support of the International Moneyray Fund and the World Bank.Key to this effort, he said,  is a unified intra-continental payment system that leverages financial inclusion and harmonized trade routes, to ensure an inclusive @AfCFTA  implementation, leaving no country or individual behind.He said this while speaking at the @WorldBank  African Caucus Meeting chaired by President Ajay Banga, last week.Speaking at the @WorldBank African Caucus Meeting chaired by President Ajay Banga, I highlighted intra-African trade as a catalyst for economic growth, job creation, and poverty reduction, stressing the commitment of African governments to surmounting all impediments, with the… pic.twitter.com/j1C4tupEpD- Office of the Finance Minister-Ghana (@oofmghana) October 22, 2024Dr Amin Adam further noted that notwithstanding the great progress made in recent decades, Africa still experiences a significant infrastructure gap.This, he said, was partly due to the perception of risk, which has long hindered the  ability to access affordable capital to bridge the gap."At a roundtable on the sides of the @IMFNews, @WorldBank  #AnnualMeetings, hosted by AcetforAfrica,  AfricanUnion,  I shared that it is imperative that issues of risk perception are addressed head on, to open up Africa's access to affordable capital for large infrastructure projects.

Central to this effort is the development and strengthening of continental financial institutions that would lead Africa into the global market place." Notwithstanding the great progress made in recent decades, Africa still experiences a significant infrastructure gap, partly due to the perception of risk, which has long hindered our ability to access affordable capital to bridge the gap.

At a roundtable on the sides of the… pic.twitter.com/TtuF5Moeky- Office of the Finance Minister-Ghana (@oofmghana) October 23, 2024