Hon. Samuel A. Jinapor, the substantive Minister for Lands and Natural Resources and Caretaker Minister for Trade and Industries has urged the Private sector in Ghana and in Africa to personal the AfCFTA Agenda; to spice up Intra-African commerce and Africa’s prosperity throughout the context of the African Union’s Agenda 2063 and proceed to work with Governments in reaching its full implementation.
The Private sector, he mentioned is not going to solely be the driving pressure of AfCFTA, however can even be the first beneficiary of the only market when Africa achieves the specified ranges of commerce between Africans as a individuals, including that the development of intra-continental commerce would imply non-public companies can increase their markets, and enterprise into new territories which have been beforehand inaccessible to them.
The Caretaker Minister, Samuel A. Jinapor was talking on the closing of a two-day Business and Policy Dialogue, dabbed The Kwahu Summit on Africa’s Prosperity, organized by The African Prosperity Network (APN) in collaboration with The Presidency and the AfCFTA Secretariat on Friday, twenty seventh, January, 2023.
While concentrating on the non-public sector, he famous that “we must drill down further to address the needs of Micro, Small, and Medium-Sized Enterprises in our respective countries, as they contribute more than half of the continent’s Gross Domestic Product (GDP). Indeed, the International Finance Corporation (IFC) estimates that Micro, Small, and Medium-Sized Enterprises (MSMEs) account for some ninety percent (90%) of all businesses in Africa, and provide for some eighty percent (80%) of jobs across the continent”.
Closing on the theme“ AfCFTA: From Ambition to Action, Delivering Prosperity Through Continental Trade”, Hon. Jinapor indicated that The high quality of shows, the constructive exchanges, and energetic participation over the previous two days, are clear testimonies of their collective want to maneuver from ambition to motion, and to ship prosperity by AfCFTA for the “Africa We Want.”
He added that the discussions over the past two days, have proven that by public-private and multi-sectorial engagements, Africa can unblock the bottlenecks that hamper the complete realisation of the only market agenda.
Hon. Samuel A. Jinapor due to this fact referred to as on Ministers, policymakers, authorities representatives, and representatives of regional financial communities, to work with the non-public sector to institute the requisite institutional and logistical frameworks for the non-public sector to thrive.
He enlightened individuals that Ghana’s Ministry of Trade and Industry, because the lead coverage advisor of Government on issues of home and worldwide commerce and business, locations a whole lot of premium on the AfCFTA, which is the fulcrum round which most of our commerce insurance policies revolve.
In view of the significance Ghana locations on AfCFTA, the Caretaker Minister disclosed quite a few initiatives the Ministry has undertaken in collaboration with the AfCFTA Secretariat saying;
” Since the institution of the AfCFTA Secretariat in Accra, the Ministry has labored intently with the Secretariat, and has undertaken quite a few initiatives aimed toward selling the AfCFTA, together with the institution of the National AfCFTA Coordination Office, the event and implementation of a complete National Policy and Action Plan for AfCFTA, and the implementation of an AfCFTA Facilitation Programme aimed toward selling native corporations to supply and export to the AfCFTA market”.
On behalf of the President of the Republic of Ghana, H.E. Nana Addo Dankwa Akufo-Addo, and the Government of Ghana, The Caretaker Minister, Hon. Jinapor appreciated the efforts of the African Prosperity Network (APN), led by its Executive Director, Dr. Eugene Owusu, and all different companions, significantly the Secretariat of the African Continental Free Trade Area (AfCFTA), led by its distinguished Secretary-General, H.E. Wamkele Mene, for facilitating the holding of such a high-level enterprise and coverage dialogue on the very consequential situation of the AfCFTA.
The Africa Prosperity Dialogues, first of it’s type in Ghana, is uniquely designed to supply a strategic and trusted annual platform to drive intra-African commerce. It is a platform the place the best political and enterprise resolution makers in Africa, talk about and provide you with clear, actionable initiatives to boost commerce and prosperity in Africa, aligned with the AU’s Agenda 2063.
The two day occasion introduced collectively Ministers of State, Members of Parliament, Representatives of Regional Economic Communities, Business Executives and Associates, Technocrats, Women, Young Entrepreneurs, Civil Society Organisations (CSOs) and the media, to dialogue and proffer actionable options to spice up Intra-African commerce and Africa’s prosperity throughout the context of the African Union’s Agenda 2063.