Business News of Monday, 20 January 2020

Source: diplomaticaffairstv.com

All set for UK-Africa investment summit

Iain Walker, British High Commissioner to Ghana Iain Walker, British High Commissioner to Ghana

British High Commissioner to Ghana, Iain Walker says Ghana is at the forefront of the United Kingdom’s trading relationship with African nations.

According to him, the UK-Africa Investment Summit will create new mutually beneficial partnerships that will move Ghana and Africa beyond aid, by attracting quality investment to drive growth and create new jobs.

The British High Commissioner to Ghana was speaking at a press conference ahead of the UKAfrica Investment Summit, scheduled to take place in London from January 21 to January 22,2020.

According to Iain Walker, Ghana is driving the agenda across Africa in transforming ways of engagement in terms of partnership as the country moves ‘beyond aid’ and the UK moves beyondthe ‘European Union’.

The High Commissioner reiterated the UK’s commitment in investing in some key sectors in the country to boost the standards of living and the creation of jobs for the masses. He stated that both sides have agreed on six priority sectors which will receive much investmentnfor an uplift. The sectors are Agri-processing, financial services, textiles and garments, digital,pharmaceuticals and extractives.

This year’s Summit is aimed at strengthening the UK-Africa partnership to build a secure and prosperous future for all citizens through economic development, trade and investment as well as addressing security needs and meeting global challenges. The summit also serves as a major milestone for the UK and their enduring partnership with Ghana.

It brings on board for the first time, African and UK Leaders, businesses and entrepreneurs alongside international finance institutions to showcase new partnerships that creates jobs and boost mutual prosperity.

President of Ghana Nana Addo Dankwa Akufo- Addo is set to open the summit and will hold talks with UK’s Prime Minister, Boris Johnson MP and other cabinet ministers, including the Foreign Secretary and the Development Secretary.

Under the theme, ‘Assessing the African Common market through Ghana-Technology, Digitization and Industrialization’, the event seeks to provide an opportunity to engage global investors