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Former UK Minister for Africa, Mark Simons, has stated that Ghana is the type of African market with which the UK should engage.
Ghana, he noted, had shown amazing resistance to the pandemic’s economic effects, with substantial economic improvements during the previous year.
“Ghana has shown extraordinary resistance to the pandemic’s economic effects, posting robust economic increases throughout last year despite its relative weakness. Ghana is precisely the type of African market with which Britain should seek to collaborate.
The UK could benefit from this increase in economic activity.” Meanwhile, President Nana Addo Dankwa Akufo-Addo has urged African leaders to pool their resources and synergies to develop a fresh approach to the continent’s infrastructure problems.
Mr. Akufo-Addo pushed African leaders to seek an equal playing field in the global financing market during an Infrastructure Solution summit organized by the Africa Finance Corporation (AFC) in Abuja, Nigeria, on Thursday, May 12.
According to him, this will help Africa to achieve adequate infrastructure development. “It is critical that we increase the influence of institutions like the AFC and ADB.” ADB just underwent recapitalization in order to expand its capabilities.
“The governments of the continent must support this effort, but we must also address structural impediments in the global capital market.”
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