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Africa needs to produce and trade its way out of poverty and underdevelopment – Bawumia

By Laud Nartey
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Africa needs to produce and trade its way out of poverty and underdevelopment – Bawumia

Vice President Dr Mahamudu Bawumia has said that there is a need for smart investment in critical infrastructure in Africa.

Speaking at the official opening of the Africa Prosperity Dialogues at the Safari Valley Resort at Adukrom in the Eastern Region on Thursday (26 January), Bawumia said Africans need to produce and trade their way out of poverty and underdevelopment.

“There is the need for smart investment in critical infrastructure, as a continent, we need to produce and trade our way out of poverty and underdevelopment, and we cannot do that without investing in smart infrastructure across the continent,” Dr Bawumia said.

He added “While the last decades have seen some positive investment, there is the need for additional resources to finance the arteries for trade, which include the physical infrastructure such as roads, rail and energy, digital infrastructure such as data centres and financial infrastructure to allow for integration of our financial markets.”

For his part, the Secretary-General of AfCFTA was speaking at the opening of the maiden Africa Prosperity Dialogues at the Safari Valley Resort in Adukrom in the Eastern Region.

He said, “It is really an honour for us to be part of this dialogue because we have an opportunity as Africans a positive narrative about the challenges that we confront.

“Indeed, I believe that Africa’s challenges are Africa’s opportunities,” he added.

By Laud Nartey|editors.3news.com|Ghana

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Laud Nartey is an online editor with current affair team at Media General, operators of TV3 Ghana, 3News.com and more. Email: Laud.Nartey@editors.3news.com

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