How Ghana is repositioning as Africa’s trade hub
Yofi Grant, the CEO of Ghana Investment Promotion Centre says that some key initiatives are being implemented by the Government to attract more investments into the country and become a major hub for trade in Africa. He joins CNBC Africa to discuss the initiatives being implemented.
Mon, 23 May 2022 14:28:42 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The Ghana CARES program aims to facilitate $70 billion in investments over three years to revitalize the economy and focus on key sectors like agriculture, infrastructure, and housing.
- Partnerships and trade linkages are crucial for driving economic development and promoting value addition within the continent.
- The African Continental Free Trade Area (AfCFTA) provides a platform for enhancing intra-continental trade and investment protocols, offering significant opportunities for Africa's economic growth.
Ghana is strategically positioning itself to become a major trade hub in Africa, with key initiatives being implemented to attract investments and drive economic growth. Yofi Grant, the CEO of Ghana Investment Promotion Centre, emphasized the importance of investments in the post-pandemic era and highlighted the government's efforts to revitalize the economy through various programs. One of the central programs, Ghana CARES, aims to facilitate the investment of $70 billion over three years, with a focus on sectors like agriculture, agro-processing, infrastructure, and housing. Grant underscored the significance of partnerships and trade linkages in driving economic development and emphasized the need for value addition within the continent. The African Continental Free Trade Area (AfCFTA) also plays a crucial role in Ghana's economic strategy, providing a platform for intra-continental trade and investment. Grant emphasized the importance of leveraging AfCFTA to enhance trade facilitation and investment protocols within Africa.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
