{"id":1097889,"date":"2022-05-24T16:24:54","date_gmt":"2022-05-24T16:24:54","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/05\/24\/industrialization-and-afcfta-present-multiple-opportunities-for-private-sector\/"},"modified":"2022-05-24T16:24:54","modified_gmt":"2022-05-24T16:24:54","slug":"industrialization-and-afcfta-present-multiple-opportunities-for-private-sector","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/05\/24\/industrialization-and-afcfta-present-multiple-opportunities-for-private-sector\/","title":{"rendered":"Industrialization and AfCFTA present multiple opportunities for private sector"},"content":{"rendered":"

<\/p>\n

\n Accra, May 24, GNA-Mr Kojo Aduhene, the Chief Executive Officer of Ghana-based LMI Holdings, says there are opportunities for investors to support Africa\u2019s industrial expansion and intra-regional trade growth.<\/p>\n
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He said with countries now putting the necessary framework in place, the time was ripe for both the public and private sectors to begin addressing infrastructure shortfalls in priority areas, such as power distribution and transmission, alongside water and internet provision.<\/div>\n
Mr Aduhene made these remarks in a statement issued in Accra by Marc-Andr\u00e9 de Blois, Director of PR and Video Content, Oxford Business Group.<\/div>\n
He said Ghana and Africa must industrialise and to do that “we need to have an enabling environment. We need to make sure we have in place all the infrastructure that will be needed.\u201d<\/div>\n
Mr Aduhene was upbeat about the prospects for increased intra-regional trade through the African Continental Free Trade Area (AfCFTA), which he said held the key to boosting Africa\u2019s competitiveness over time.<\/div>\n
\u201cWe need to integrate to make use of various raw materials so we can be competitive,\u201d he said.<\/div>\n
He said the agreement was excellent because it forced countries to take decisions and expressed excitement especially for a company that wanted to be active Africa-wide in five- or 10-years\u2019 time.<\/div>\n
Mr Aduhene said the importance of making Environmental, Social and Governance (ESG) goals a priority in areas such as power generation and transport was another focal point.<\/div>\n
\u201cIf we don\u2019t look at ESG goals now, we will pay a price in the future,\u201d he said.<\/div>\n
He said, \u201cIf it is done to scale, renewable energy can be cheaper than the sources we have now. For regional integration, transport is crucial.\u201d<\/div>\n
He suggested that there should be the development of other forms of transport that were more environmentally friendly and cheaper such as rail and waterway transport.<\/div>\n
\u201cOne way of doing so is to develop smart cities where we can use technology to make living easier, to make the provision of leisure, traveling to work and all of that much simpler,\u201d the CEO said.<\/div>\n
Mr Marc-Andr\u00e9 de Blois, OBG\u2019s Director of PR and Video Content, said, \u201cAfrica stands on the brink of an exciting new chapter in its growth story, with the implementation of the AfCFTA translating into myriad openings for investors as the continent moves to lay the groundwork for much-needed industrialisation and cross-border trade facilitation.\u201d<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Accra, May 24, GNA-Mr Kojo Aduhene, the Chief Executive Officer of Ghana-based LMI Holdings, says there are opportunities for investors to support Africa\u2019s industrial expansion and intra-regional trade growth. He said with countries now putting the necessary framework in place, the time was ripe for both the public and private sectors to begin addressing infrastructure […]<\/p>\n","protected":false},"author":1,"featured_media":1097892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[2810,14784,3115,1613,3969,1594,932],"class_list":["post-1097889","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-afcfta","tag-industrialization","tag-multiple","tag-opportunities","tag-present","tag-private","tag-sector"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1097889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1097889"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1097889\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1097889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1097889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1097889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}