Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam is urging African leaders to leverage on the network of resources provided by the Afreximbank to strengthen its regional trade.
According to the Minister, the low trade volumes of the sub-region could witness a transformation if efforts are made in accelerating access to market information.
He made these comments at the media launch of the 30th AGM of the Afreximbank scheduled to be hosted in Ghana from 19th -22nd June 2023.
“We know that the role of global and regional trade in promoting economic dynamism and transformation is beyond questioning. Today, Africa’s share of global trade is just about 3 percent and intra – Africa trade is only 16 percent,” he said.
“Amongst the key reasons for this uninspiring trade performance is the lack of finance and access to trade and market information, it is in this respect that all Africans must be supportive of the Afreximbank; bank that is set up to deliver just that and more,” he explained.
“In the Afreximbank, we have an institution with convening power and a network of resources to significantly contribute towards finding robust solutions to these challenges,” he added.
On his part, President and Chairman of the Board of Directors of Afreximbank, Benedict Oramah seized the opportunity to appreciate the president and the people of Ghana for hosting the 30th AGM
“We thank His Excellency President Nana Addo Dankwa Akufo-Addo and his Government for graciously accepting to host Afreximbank’s 30th Annual Meetings. Thirty years ago, the founding fathers of Afreximbank launched a bold initiative for Africans. The hard work of the past three decades, in pursuit of that vision, has shaped what Afreximbank has become today. Member States, clients, customers and partners, the business and international trade community, all those in Africa and the diaspora who strive for the prosperity of African people are invited to join us in Accra to celebrate the Bank’s achievements and reflect on its future in an increasingly turbulent world”, he said.
