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President Akufo-Addo Champions Ghana’s Economic Transformation at China-Africa Private Sector Forum

In a powerful address delivered at the China-Africa Private Sector Cooperation Forum on September 7, 2024, in Shenzhen, China, President Nana Addo Dankwa Akufo-Addo of Ghana made a compelling case for stronger China-Africa economic collaboration, highlighting Ghana’s efforts toward industrialization, agricultural modernization, and green development.

His speech, delivered as part of the Forum on China-Africa Cooperation (FOCAC), outlined the transformative opportunities for investment in Ghana while emphasizing the country’s strategic role as a hub for economic growth in Africa.

In his address, President Akufo-Addo praised the remarkable achievements of Shenzhen, a city that epitomizes China’s economic transformation through innovation and investment. “Shenzhen symbolizes the extraordinary achievements that are possible through innovation, investment, and partnership,” he remarked.

Drawing parallels, he pointed out how similar efforts in Ghana are beginning to bear fruit and invited Chinese and global investors to join Ghana in replicating these successes across the African continent.

Central to President Akufo-Addo’s address was Ghana’s ambitious industrialization agenda. He emphasized that the key to Ghana’s economic transformation lies in adding value to its abundant natural resources.

One of the flagship sectors highlighted by the President was the burgeoning vehicle assembly industry, which has already attracted major global brands like Toyota, Nissan, Volkswagen, and Sinotruk to set up plants in the country.

The President assured potential investors of Ghana’s conducive investment environment, supported by the country’s Automotive Development Policy, which offers tax breaks and incentives for vehicle assembly operations.


With the African Continental Free Trade Area (AfCFTA) Secretariat based in Accra, the President further stressed that Ghana offers investors a strategic gateway to the entire African market, positioning itself as a vital hub for regional trade and manufacturing.

Beyond the automotive sector, President Akufo-Addo outlined the success of the “One District, One Factory” (1D1F) initiative, a cornerstone of his government’s industrialization strategy.

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Through this programme, the government has facilitated the establishment of at least one manufacturing facility in each of the country’s 261 districts.

As a result, 321 new factories have been developed, with 211 of them being brand-new enterprises. The initiative has also led to the creation of 170,000 jobs, and the President projected even more growth as the program continues to expand.

He urged Chinese investors to consider the vast potential within this program, emphasizing its role in decentralizing industry, creating jobs, and driving rural development.

President Akufo-Addo also acknowledged agriculture as the backbone of Ghana’s economy, contributing significantly to the nation’s GDP. However, he stressed that the sector remains ripe for modernization. The President highlighted Ghana’s “Planting for Food and Jobs” (PFJ) initiative, which has already supported over 1.9 million farmers, significantly boosting the production of key staples such as maize and rice.

Yet, the President was keen to underscore the immense opportunity for investment in agro-processing, a sector he believes will move Ghana up the agricultural value chain. With Ghana being the world’s second-largest producer of cocoa, he urged investors to seize the chance to partner in agro-processing, storage, mechanization, and sustainable agricultural practices, including organic farming.

President Akufo-Addo further emphasized his government’s commitment to green development, seeing it as both a moral imperative and an economic opportunity. He highlighted Ghana’s ambitious goals to increase the share of renewable energy in its energy mix to 10% by 2030, presenting a wealth of opportunities for investment in solar and wind energy.

“Ghana’s doors are wide open to investors who share our vision of a prosperous, industrialized, agriculturally modern, and green Africa,” President Akufo-Addo declared, adding that Ghana offers significant incentives, such as tax breaks and guaranteed feed-in tariffs, to encourage investments in renewable energy.
The President also emphasized the need for improved waste management and recycling, viewing it as an area of immense potential for economic value creation.

In closing, President Akufo-Addo called for China and Africa to deepen their economic cooperation through the Belt and Road Initiative, stressing that partnerships must be built on mutual respect and sustainable development. “The time is ripe for investment in Ghana,” he urged, calling on investors to seize the opportunities in industrialization, agriculture, and green development.

As Ghana continues to pave the way for economic transformation, President Akufo-Addo’s message at the China-Africa Private Sector Cooperation Forum was clear: Ghana is open for business, ready to partner with investors to build a future of shared prosperity and sustainable growth.

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 Intake of ‘Gobe’ can prevent heart diseases —Nutritionists

Gari and beans is good for the heart
Gari and beans is good for the heart

Nutritionists have advised Ghanaians to eat more beans-based meals, including the popular local dish, gari and beans, also known as ‘Gobe’ to prevent heart diseases. They said incidenc­es of obesity and cancer could be minimised with the regular intake of beans meals.

At a programme in Accra to mark the World Pulses ( Beans) Day on Monday, Mr Wise Chukudi Letsa, Nu­tritionist and Dietician, who spoke on the topic: ‘Beans: The Super Food for Healthy Living and Healthy Farmlands,’ admonished Ghanaians to include beans in their diets.

Mr Letsa said beans was rich in protein, fibre, vitamins, miner­als, irons and other nutrients and contained just a little fat. Mr Letsa, a Nutritionist with Lets Consult, stated that the presence of those nutrients in beans explained why its intake could prevent heart diseases and other ailments, hence the need to consume it regularly.

The event, dubbed: ‘Meatless Monday’ was organised by the Com­munications Initiative for Change (CIC), a Ghanaian non-profit organ­isation.

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The ‘Meatless Monday’ is an initiative aimed at encouraging Ghanaians to reduce their intake of meat by taking in more beans-based meals on every Monday of a week.

It was launched after the United Nations in 2019, set aside Febru­ary 10 to celebrate and encourage the consumption of pulses (beans) worldwide. This year’s celebration was hinged on the theme: ‘Bringing Diversity to Agrifood Systems.’

Mr Peter Agbovi, National Secre­tary, Chefs Association of Ghana, said a variety of meals could be prepared with beans, which include Waakye (rice and beans), Kose (beans paste made into cakes), Ayikple, Aboboi, Tuo Zaafi, Akyeke, and kakro.

He encouraged Ghanaians to con­sume more of those foods to stay healthy.

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Mr Emmanuel Fiagbey, the Ex­ecutive Director, CIC, indicated that even if people could not eat beans-based meals regularly, efforts should be made to consume them every Monday.

He said that was the essence of the introduction of the ‘Meatless Monday’ initiative. -GNA

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 Restore beauty of Kwame Nkrumah Circle area / State of Kwame Nkrumah Circle an eyesore!

A homeless man sleeping in the sand close to the removed blocks
A homeless man sleeping in the sand close to the removed blocks

Small size quarry stones fixed at open spac­es under the Kwame Nkrumah Circle Interchange was to leave the place open and free from activities of beggars and other activities of the homeless.

By the way the stones were fixed, it makes the area, particularly the VIP and Neoplan Station stretch of the Interchange, inhabit­able by the destitute.

But a walk through the area currently suggest the opposite.

At the median where pavement blocks have been taken over by these home­less and destitute, the area has been turned into a hotel where a number of these unfortunate ones have com­fortably laid their mattress­es and other stuff to rest from the day’s activities.

They have crossed over to the SSNIT and Kaneshie Station area with their activ­ities and have removed the quarry stones which were to ward them off the place to enable them find spaces to sleep comfortably.

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The pavement blocks re­moved from different loca­tions under the interchange now serves as foundations on which beds were laid and in some cases, mosquito nets erected.

Their continued pres­ence is not only creating a nuisance for commuters but marring the beauty and serenity of the place.

Sadly, the activities of these deprived fellows have been ignored while the numbers keep increasing day by day.

The Spectator finds the development very worrying and calls on the responsible authorities to clear the area to restore the beauty and serenity of the area.

 By Victor A. Buxton

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