President Akufo-Addo and his Portuguese counterpart, His Excellency Marcelo Rebelo de Sousa, have signed bilateral instruments of co-operation in the areas of defence, political consultation and trade between the two countries.

According to the President, this latest form of engagement, would go a long way to strengthen the ties of friendship and the bonds of co-operation between Ghana and Portugal.

Speaking at a Joint Press Conference with President Marcelo Rebelo De Sousa, as part of his 3-day State Visit to Portugal in Lisbon, the President stated that the move “is borne out of a decision by Ghana “to turn our back on our old economy, which has been dependent on the production and export of raw materials, and also dependent on aid”.

President Akufo-Addo indicated that Ghana desires to build a value-added, industrialized economy with a modernized agriculture, which is neither victim nor pawn of the world economic order.

“We want our relations with Portugal and, indeed, the rest of the world, to be characterised by an increase in trade and investment co-operation. This is the way to develop healthy relations between our two countries, and put Ghana at the high end of the value chain in the global market place, and create jobs for the teeming masses of Ghanaians, particularly the youth.”
President Akufo-Addo

Furthermore, he pointed out that, the discussions also focused on boosting further political, cultural, people-to-people exchanges and cooperation at the multilateral level and on the need to promote a better world by addressing global issues relating to the attainment of the Sustainable Development Goals (SDGs).

Towards this end, he explained that both parties have noted with satisfaction the value that the Ghana-Portugal Business Forum scheduled to be held tomorrow will add to the investment initiatives.

Ghana’s cause and interests within European Union

President Akufo-Addo further disclosed that, the President of Portugal has also resolved to give voice to Ghana’s cause and interests within the European Union.

“We, on the other hand, will also help to facilitate the provision of a platform for enhanced economic engagement between Portugal and the member countries of ECOWAS. This should boost the trade volumes, and help bring prosperity to our peoples.”
President Akufo-Addo

On global security, the President stated that, with President Joe Biden of the United States of America and President Emmanuel Macron of the French Republic calling publicly for reforms at the UN Security Council in line with the Ezulwini consensus, they look forward to the leaders of the three other Permanent Members also throwing their support behind the reform process.

To this end, he assured President De Sousa that Ghana will “collaborate with Portugal to find solutions to challenges such as the eradication of widespread poverty, elimination of irregular migration, insecurity and human rights violations, terrorism and violent extremism, human and drug trafficking, piracy, as well as climate change and its attendant, negative impact on the environment and livelihoods”.

At the Lisbon City Council, President Akufo-Addo was given the keys to the city of Lisbon by the Deputy Mayor, Filipe Anacoreta Correia.

In his address, the President stated that history holds ample lessons that shows “that a rich trading partner, operating within a fair, trading system, brings prosperity to both sides, far more than the exploitation of a poor partner.
“I have come to Lisbon to advocate for increased investment and trade between our two nations. Trade relations between Ghana and Portugal have evolved through history, and it is clear that a new paradigm has to be defined, which will be dependent on the structural transformation of the Ghanaian economy from a raw material producing and exporting economy, to a value-adding, industrialising economy.”
President Akufo-Addo

Following this, President Akufo-Addo expressed confidence that the move will enable Ghana trade at the high end of the global value chain, dealing in products it makes and grows.

Out of this, he explained that robust trading system between Portugal and Ghana will be created, which will generate mutual prosperity for the peoples of the two countries.

“We, in Africa, have agreed that we have to be self-reliant, and shed the image of beggars living on charity, aid and handouts, and make better and more intelligent use of our abundant natural resources, in order to pull ourselves out of poverty and attain prosperity.”
President Akufo-Addo