More investments expected as President meets UK PM at UK-AIS this week

The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, is set to lead a ministerial delegation and key officials at the 2020 UK-Africa Investment Summit in London on Monday, to discuss among other issues investment opportunities for mutual benefit.

With Ghana driving discussions at the summit, President Akufo-Addo will also address world leaders on the importance of securing sustainable finance for Africa’s infrastructure, and how countries can mobilise future partnerships that meet the needs of modern African nations.

The Summit, hosted by the UK Prime Minister Boris Johnson, is a major milestone for the UK as it brings, for the first time, UK and African leaders, businesses and entrepreneurs, alongside international finance institutions to showcase new partnerships that create jobs and boost mutual prosperity.

Addressing the media in Accra ahead of the event, the British High Commissioner to Ghana, Iain Walker, noted that the upcoming summit will strengthen the UK-Ghana partnership which is building a secure and prosperous future for all citizens.

“Through economic development, trade and investment, we are increasing jobs, addressing security needs and meeting global challenges.”

Together, the two governments have agreed on six priority sectors – agro-processing; financial services; textiles/garments; pharma; digital; and extractives. Other areas of consideration are: infrastructure development, tax and the ease of doing business.

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UK’s support for ‘Ghana Beyond Aid’ agenda ahead of Brexit

The ‘Ghana Beyond Aid’ agenda by the president has been welcomed and supported by the British High Commissioner to Ghana, who stressed the UK’s position through the summit and other engagements strengthen the bilateral relationship between Ghana and the UK, as well as creates new opportunities as the UK exits the EU by January 31, 2020.

Mr. Walker said: “As Ghana is moving beyond aid, so is the UK moving beyond the EU (Brexit); and as part of that one of the consequences is the UK looking to evolve; how it engages with Africa, how it engages with Ghana.

“Ghana is at the forefront of the UK’s trading relationship with African nations. The UK-Africa Investment Summit will create new mutually beneficial partnerships that move Ghana – and Africa – beyond aid, by attracting quality investment to drive growth and create jobs. As we look beyond the European Union, my priority is to create an even closer partnership between our countries and for the UK to be the investment partner of choice for years to come.”

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