{"id":140925,"date":"2024-01-19T10:06:27","date_gmt":"2024-01-19T10:06:27","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/19\/africa-needs-you-and-you-need-africa-akufo-addo-tells-investor-community\/"},"modified":"2024-01-19T10:06:27","modified_gmt":"2024-01-19T10:06:27","slug":"africa-needs-you-and-you-need-africa-akufo-addo-tells-investor-community","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/19\/africa-needs-you-and-you-need-africa-akufo-addo-tells-investor-community\/","title":{"rendered":"Africa needs you, and you need Africa \u2013 Akufo-Addo tells investor community \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>President\u00a0Nana Addo Dankwa Akufo-Addo\u00a0has called on the global investor community to recognize early, the fact that\u00a0Africa\u00a0is the new frontier for\u00a0manufacturing, for\u00a0technology\u00a0and for\u00a0food\u00a0production.<\/strong><\/p>\n<p>According to him, the savage lessons of these past few years, \u201cwhere the financial markets have been set up to operate on rules designed for the benefit of rich and developed\u00a0nations, and, during times of crisis, the fa\u00e7ade of international co-operation, under which they purport to operate, disappears, has engendered a renewed commitment towards an inclusive and sustainable industrialisation and economic integration.<\/p>\n<p>He said these lessons, experienced at a time when \u201cthe world emerged from the grip of the coronavirus to energy and food price hikes, and a worldwide rise in the cost of living,\u201d has ensured that \u201cthe necessity for reform of the system is compelling.\u201d<\/p>\n<p>Still drawing positives from the dire situation, the President opined that, \u201cthe intensity of the challenges we face today is only matched, like never before, by the immensity of the opportunity before us. We, the current leaders of Africa, should be determined not to waste the crisis that confronts us. \u201d<\/p>\n<p>Continuing, he told the gathering of world leaders and\u00a0business\u00a0people, that, \u201cAfrica sees the current geopolitical crisis as an opportunity to rely less on food imports from outside the continent, and use better our sixty per cent global share of arable lands to increase food production.\u201d<\/p>\n<p>He added that, \u201cwe have seen the devastating impact of relying on\u00a0Russia\u00a0and\u00a0Ukraine\u00a0for seventy per cent of our wheat consumption. We have enough land, enough water, enough gas and enough manpower to produce enough fertiliser, food and energy for ourselves and for others.\u201d<\/p>\n<p>However, \u201cwe also recognise that we cannot do it all by ourselves. Our message to the global investor community is, therefore, this: Africa is ready for business. Africa needs you and you need Africa. You need Africa because Africa is busily building the world\u2019s largest single market of 1.3 billion people. Soon we will have a customs union, and soon we will have a continental payment system that will accelerate and facilitate trade amongst ourselves. Then, we will not rely solely on the\u00a0dollar\u00a0to trade among ourselves. Already, goods and services are flowing more freely across our artificial borders. See Africa for what it is: the new frontier for manufacturing, for technology, for food production.\u201d<\/p>\n<p>President Akufo-Addo was addressing the World Economic Forum\u2019s \u201cAdvancing the New Resilience Agenda\u201d event on Tuesday, 16th January 2024, at the Congress Centre, in Davos, Switzerland.<\/p>\n<p>He said Africa\u2019s renewed position is drawn from the unfair situation where, \u201cthe avenues that are opened to developed nations to enable them take measures that would ease pressures on their economies are closed to developing nations\u201d and the attitude of \u201ccredit rating agencies having been quick to downgrade economies in Africa, making it harder to service our debts.\u201d<\/p>\n<p>President Akufo-Addo maintained that \u201cthe tag of Africa as an investment risk is little more than, in substance, a self-fulfilling prophecy created by the prejudice of the international\u00a0money\u00a0market, which denies us access to cheaper borrowing, pushing us deeper into debts.\u201d<\/p>\n<p>3news.com<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>President\u00a0Nana Addo Dankwa Akufo-Addo\u00a0has called on the global investor community to recognize early, the fact that\u00a0Africa\u00a0is the new frontier for\u00a0manufacturing, for\u00a0technology\u00a0and for\u00a0food\u00a0production. According to him, the savage lessons of these past few years, \u201cwhere the financial markets have been set up to operate on rules designed for the benefit of rich and developed\u00a0nations, and, during [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":140926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-140925","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Africa needs you, and you need Africa \u2013 Akufo-Addo tells investor community \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/01\/19\/africa-needs-you-and-you-need-africa-akufo-addo-tells-investor-community\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa needs you, and you need Africa \u2013 Akufo-Addo tells investor community \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"President\u00a0Nana Addo Dankwa Akufo-Addo\u00a0has called on the global investor community to recognize early, the fact that\u00a0Africa\u00a0is the new frontier for\u00a0manufacturing, for\u00a0technology\u00a0and for\u00a0food\u00a0production. 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