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African Leaders Convene at Prosperity Dialogues, Outline Vision for Continent's Economic Transformation

 


 Story by Nsor Paul Mensah 

In a gathering of heads of state, policymakers, and business leaders, the African Prosperity Dialogues took place in Accra-Ghana , showcasing a collective commitment to unlocking Africa's full potential and ensuring the continent takes its rightful place in the global economic system.

The President of the Republic of Ghana, John Dramani Mahama, expressed gratitude to the organizers and partners for the success of the third summit of the Africa prosperity dialogues. President remote financing for renewable energy project and climate resinium infrastructure to align with law but sustainability goals in policy bio with African government to handle nice regulations reduced trade barriers and support regional integration of the African Union that have not ratified from the guidance trade initiative and implement comprehensive trading among all state parties and the CFA arena the level of the department Mahama emphasized Ghana's pride in hosting the important dialogue series, which aligns with the aspirations of the African people for an industrialized, integrated, and inclusive continent.

Addressing the crossroads Africa faces, Mahama acknowledged the continent's immense natural wealth, youthful population, and technological advancements, while also highlighting the persistent economic disparities, infrastructure deficits, and structural barriers that impede progress. However, he stressed that Africa's destiny is in its own hands, and the actions taken today will define the future.

One of the transformative initiatives discussed was the African Continental Free Trade Area (AfCFTA), which Mahama described as a game-changing opportunity for African businesses, entrepreneurs, and industries. He emphasized the need to invest in infrastructure, strengthen supply chains, harmonize trade policies, and operationalize the Pan African Payment and Settlement system to fully unlock the potential of the $3.4 trillion market.

Mahama called for a shift from being exporters of raw materials to producers of finished goods, urging governments to work with the private sector to drive industrialization through special economic zones, access to finance for small and medium-sized enterprises, and investments in technical and vocational education.

The potential of the Fourth Industrial Revolution was also highlighted, with Mahama emphasizing the need to expand internet access, digital infrastructure, and support for homegrown innovations to make Africa more competitive.

Addressing governance, Mahama reaffirmed the commitment to strengthening democratic institutions, fighting corruption, and promoting peace and security, as these are essential for attracting investment and enabling economic growth.

The African Prosperity Dialogues concluded with a call to action, urging participants to embrace the forces that unite the continent and chart a new path for Africa's economic transformation, guided by a shared vision of prosperity for all.

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