President John Mahama emphasized the need for a concerted effort to invest in critical infrastructure and harmonise trade policies across the continent to unlock Africa’s economic potential.
Speaking at the Africa Prosperity Dialogues 2025 in Accra, on Saturday, February 1, President Mahama stated that while trade derealization is an important step, it is not enough on its own to drive sustained economic growth.
He highlighted the importance of investing in infrastructure, such as efficient road and rail networks, ports, and digital connectivity, to facilitate smoother and more cost-effective trade.
“We must strengthen African supply chains to ensure that our industries produce goods that meet both regional and global standards,” he said.
He underscored the need to eliminate non-tariff barriers and reduce the cost of doing business across borders to foster an environment conducive to trade and economic collaboration.
Mr Mahama also stressed the importance of accelerating the operationalization of the Pan-African Payment and Settlement System (PAPSS), which would help streamline financial transactions and facilitate the movement of goods and services across Africa.
