Afreximbank, Oakwood Green Africa Road Trade Show Underway In Accra

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A maiden three-day Ghana Trade Road show organized by the AfreximBank and Oakwood Green Africa, to promote in Afreximbank’s mandate in Ghana, as well as foster deeper understanding of the bank’s products to the banking and business communities is under way in Accra.

The maiden Ghana RoadShow is under the “Theme Supporting the Africa Trade Agenda-Ensuring the Last Mile”.

The event would be used to consolidate various discussions initiated with the Central Bank of Ghana following the successful launch of the Pan African Payments and Settlements System (PAPSS) earlier this year in Accra.

The Roadshow would also hold series of forum to introduce to the Ghanaian market various funding initiatives being undertaken by Afreximbank, the AfCFTA and its partners in their bid to transform Africa’s trade, and the role Ghana could play in this endeavor.

It is being oganised in collaboration with the Ghana Export Promotion Authority, the Ghana Free Zones Authority, AfCFTA Secretariat, GCB and CBG, for banks and non-bank financial Institutions, as well as the business community in Ghana in efforts to boost intra-Africa trade facilitation capacity.

Issues to being discussed for the three days include Afreximbank’s mandate and strategic initiatives, the programmes and facilities of the Pan African Payments and Settlements System (PAPSS)the MANSA KYC Repository (MANSA)and the implementation of the AfCFTA, strategic policies and using Ghana as the hub for the realisation of its drive for the development of value chains across various selected sectors.

The Deputy Minister for Trade and Industries Herbert Krapa, speaking at the opening ceremony, said Africa’s dependence on everyone else for everything good would soon be a thing of the past because it has the answer to all challenges comforting the continent.

Africa, he said is a is a continent of plenty yet our share of global trade stands at not so handsome3%interAfrica trade is some17%compared to 68%for zeroand59%forAsiaandour annualinfrastructuredeficitstandsatover100billion United States dollars..

Mr. Krarper, said Africa’s political and economic integration would advance equitable development for all of Africa’s if mini challenges of small fragmented markets, value adding to the continents abundant natural resources are harnessed to promote economic diversification and industrialization.

Thankfully, Afreximbank, he said has towered above the challenge and embraced it much to the satisfaction of stakeholders, the private sector, member states, and the bank’s partnership with Oakwood Green Africa because if the AfCFTA succeeds the continent benefits as strategic partnerships have become inevitable.

The Chief Executive Officer of the Ghana Investment Promotion Centre, Mr. Yofi Grant, urged participants to take advantage of the opportunities created and be part be part of the AfCFTA history making process.

Mr. Wamkele Meme, Secretary General of AfCFTA URGED African countries to focus on industrialization in other to promote the economic development of the continent.

The Managing Partner Oakwood Green Africa Limited Gabriel Edger urged African countries to unite and embrace regional trade to boost the economies of the continent.

Overall, the road show is expected to afford businesses in Ghana the opportunity to take advantage of Afreximbank’s trade finance and intra-Africa trade facilitation capacity, and will focus on the following key areas with an in-depth presentation on each area by the respective subject area expert:

Afreximbank is the foremost pan-African multilateral financial institution devoted to financing and promoting intra and inter-African trade. Established in October 1993, the bank is a product of African governments, under a charter with its headquarters in Cairo, Egypt. The bank offers a range of financing programmes, solutions and advisory services to support the expansion, diversification, promotion and development of intra-African trade and trade development project.

The services provided by Afreximbank are the main prerequisite for vital investment that can really translate into sound economic growth. It is worth noting that, trade and project financing initiatives positively impact trade and project financing initiatives, trade and economic development across the African continent.

Oakwood Green Africa (Oakwood Green) is a growing Pan-African institution fueled by a passion to enable greatness across Africa. It has strategic investments in intra-Africa trade, capital and finance, knowledge capital, productivity enhancement and business.

By Cletus Abaare

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