According to the President, if ECOWAS succeeds “it will help us [West Africans] a lot in the economic development of our country.”

The President made the remark on Saturday [May 20, 2017] when he interacted with the Ghanaian community in Cape Verde, as part of his 3-day tour of that country.

Akufo-Addo is currently on a tour of ECOWAS countries in a bid to officially introduce himself, as the new Ghanaian leader as well as explore and deepen our bilateral relations with them.

“Everywhere I have been so far, I have been met with a lot of enthusiasm and warmth, because people are reassured about Ghana’s role in ECOWAS, and, to me, that is very important. If we can make a success out of ECOWAS, it will help us a lot in the economic development of our country,” he told the Ghanaian community.

The President also used the opportunity to explain to the Ghanaian community some of his vision for Ghanaians back home.

He told them that his 2017 budget outlined the economic vision of his government, as well as point to the direction in which his government wanted the country to head.

“We believe that if we can empower and stimulate the private sector in Ghana, those who do their own businesses and take risk, if we can strengthen them, it will be the quickest way we can develop our economy and thereby create jobs and bring prosperity to our country,” he said.

The President indicated that “a lot of taxes that had been irritating many private sector operatives were removed. GH¢1 billion in taxes was taken out of government’s revenue, in order to have this money remain at the level of private businesses for them to be able to reinvest it in the economy.”

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By: Godwin Akweiteh Allotey/citifmonline.com/Ghana

The post Akufo-Addo reiterates Ghana’s commitment to ECOWAS appeared first on Citi 97.3 FM - Relevant Radio. Always.

This came to the fore at a meeting between the President of the Republic, Nana Addo Dankwa Akufo-Addo, and his Cape Verdean counterpart, Jorge Fonseca, last Friday at the presidential palace, in Praia, at the beginning of his 3-day visit to that country.

In his remarks, President Akufo-Addo indicated that countries or groups of countries with the largest share of world trade are located within regions with the highest share of intra-regional trade.

With trade between the countries of the African regions remaining low compared to other parts of the world, President Akufo-Addo noted that this was evidenced in the low volumes of trade between Ghana and Cape Verde, which amounted to $5 million in 2013, reducing to less than $200,000 in 2016.

President Akufo-Addo bemoaned the fact that “we have not done much as we should have in liberalizing and promoting trade amongst member countries.”

He, thus, advocated for the implementation of deliberate measures aimed at enhancing trade and business collaborations between Ghana and Cape Verde.

“We should also try to increase the volumes of trade between our two countries, as this would create jobs, as well as boosting incomes for our two peoples. We should endeavour to establish direct flights between Accra and Praia to avoid going through Casablanca, in Morocco, for instance, before we can reach each other,” President Akufo-Addo said.

He continued: “We should also try to establish direct shipping lines, linking Accra to Praia, to facilitate trade between us. We need to push for the Sealink and ECO marine initiatives to help link our two countries. We should, as rapidly as possible, establish a Permanent Joint Commission for Co-operation to serve as the legal framework for addressing the trade and investment concerns of our two countries.”

To President Foseca, President Akufo-Addo was hopeful that “during our respective tenures of office, it is my desire that Ghana and Cape Verde continually search for ways to co-operate. I have no doubt, that, together, we can forge a new, strong partnership for cooperation between our two nations for the mutual benefit of our two peoples.”

In reiterating his commitment towards strengthening ECOWAS, President Akufo-Addo was certain that “for a marked improvement in the welfare of the 350 million people currently living in the 15 member states of ECOWAS, I believe it is extremely important that we, the leaders, demonstrate strong political will to make the community an economic and political success, and make the project of integration real.”

With West Africa’s population set to hit 500 million people in 20 years from now, up from the current population of 350 million, he stressed that “this could be a large regional market, which could present immense opportunities to bring prosperity to our region with hard work, enterprise and creativity. The time for West African integration is now. Together, all ECOWAS member states should show real commitment towards converting ECOWAS into a true regional market.”

President Akufo-Addo is expected to return to Ghana on Sunday.

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By: citifmonline.com/Ghana

The post Ghana, Cape Verde pledge to deepen ties appeared first on Citi 97.3 FM - Relevant Radio. Always.