Business News of Tuesday, 21 January 2020

Source: laudbusiness.com

Nobody is looking for gifts or charity; rather trade partnership – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo and UK Prime Minister Boris Johnson President Nana Addo Dankwa Akufo-Addo and UK Prime Minister Boris Johnson

President Nana Addo Dankwa Akufo-Addo has said that Africans need to think outside the box in order to solve the infrastructural needs of its people as well as finding novel instruments for financing Africa’s infrastructure.”

Contributing to a panel discussion at the UK-Africa Investment Summit in London, President Akufo-Addo stated that despite the fact that Africa’s wealth is undisputed, “we have gotten ourselves into a situation where now the infrastructure is also undeveloped.”

With 1 in 4 people said to be will be African by 2050, the President stated that “there is an urgent need for us for us to think outside the box. We need to find a way to think outside the box in trying to find a way to address the infrastructure deficit that there is, and finding novel instruments for financing Africa’s infrastructure.”

He continued, “Nobody is looking for gifts or charity, but we are saying that if there is equity in the way most people look at it, the means for being able to address the deficits and the difficulties exist, and I think that the London stock exchange can play a really significant and important role in this new thinking.

“That, in my view, is absolutely important for the future of the continent and for our relations with countries like Britain”.

On his part, the British Prime Minister, Rt. Hon. Boris Johnson, praised the excellent relations existing between Ghana and the United Kingdom, and praised his Ghanaian counterpart for the work done in growing Ghana’s economy, and for making it one of the fastest growing economies in the world.

The British Prime Minister touted the United touted as the “ultimate one-stop shop” for trade, education and tech”, adding that “look around the world today and you will swiftly see that the UK is not only the obvious partner of choice, we’re also very much the partner of today, of tomorrow and decades to come.”