Through Bright Ntramah
According to President Akufo-Addo, the estimated 88 billion dollars in illicit money outflow from Africa is robbing the Continent of important resources for its development.
The President gave a speech at the Africa Success Dialogue at Peduase in the Eastern Region and articulated four essential components for African prosperity.
In order to achieve Africa's development agenda, he mentioned the necessity of investing in the continent's productive capacity and vital infrastructure, as well as the need to enhance the business and investment climate and step up domestic resource mobilization initiatives.
African business executives, captains of industry, entrepreneurs, economists, bankers, and other business leaders attended the three-day African Prosperity Dialogues, also known as the Kwahu Summit 2023.
It aimed to develop a strategic platform for significant participants in the African economy to assist in turning the AfCFTA's goals from aspirations into concrete actions.
Africa, according to President Akufo-Addo, needs to act quickly to ensure its political and economic stability.
He exhorted African business leaders to seize the chances presented by the AfCFTA in order to advance the continent's investment objectives.
97 percent of tariffs on goods sold inside the African Continent will be eliminated under the AfCFTA, he claimed, creating opportunity for businesses to establish themselves there.
The way forward, according to President Akufo-Addo, is to invest in the continent's essential infrastructure.
Concern with the movement of illegal cash outflows from Africa was highlighted by President Akufo-Addo. By Sascovibesgh
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