In a significant move aimed at fostering economic growth and development in Africa, Oxford Business Group (OBG) and the Africa Prosperity Network (APN) have forged a strategic partnership. This collaboration seeks to lead the APN effort, focusing on identifying and resolving bottlenecks in manufacturing, value addition, and trade across the African continent.
The initiative comes at a crucial juncture for Africa’s economy, particularly in Ghana, as it aligns with the establishment of the African Continental Free Trade Area (AfCFTA) headquarters in Accra. With Africa poised for unprecedented economic opportunities under the AfCFTA, the partnership between OBG and APN underscores a shared commitment to shedding light on the region’s potential and addressing key challenges.
At the heart of this collaboration is a three-year Memorandum of Understanding (MOU) signed between OBG and APN. This MOU reflects a dedicated effort to ensure that diverse perspectives from all areas are included in the ongoing dialogue on Africa’s prosperity. By bringing together expertise from both organizations, the partnership aims to provide a comprehensive understanding of the economy, facilitating informed decision-making and strategic planning.
One of the primary goals of this partnership is to raise awareness among continental stakeholders, including heads of state and corporate leaders. By leveraging OBG’s global reach and APN’s regional expertise, the initiative seeks to amplify the voices of key stakeholders and foster dialogue on pressing economic issues facing Africa. Through targeted advocacy and collaborative initiatives, the partnership aims to promote economic integration and pave the way for sustainable growth and development.
Central to the partnership’s objectives is the promotion of understanding on multiple fronts by providing a forum for connected conversations between heads of state and representatives of the corporate sector. By fostering meaningful exchanges and collaboration, OBG and APN aim to catalyze actionable solutions to enhance Africa’s competitiveness and drive inclusive growth.
Ultimately, the collaborative efforts between OBG and APN are aimed at expediting the realization of the world’s largest single market through the AfCFTA. By harnessing the collective expertise and resources of both organizations, the partnership seeks to unlock Africa’s immense potential and create a pathway to prosperity for the continent and its people.
The Value of The Partnership In Promoting Economic Integration And Development In Africa
The APN Chairman, Gabby Asare Otchere-Darko, emphasised the value of the partnership in promoting economic integration and development in Africa, especially in light of the AfCFTA. In keeping with APN’s objective to investigate methods of accelerating African economic integration, he underlined how this collaboration with OBG will increase investor trust in Africa.
Ramona Tarta, OBG’s Country Director for Ghana, underlined the transformative economic landscape that Ghana is poised to experience as the host of the AfCFTA headquarters. The partnership with APN underscores OBG’s commitment to providing insightful analyses that serve as a foundation for global investors’ strategic decision-making.
The forthcoming publication of “The Report: Ghana 2024,” which is a component of OBG’s wider research on the continent, will offer unique insights into Ghana’s economic trajectory. These insights will be focused on measures to improve intra-continental commerce, industrialization, and technology breakthroughs. The study will feature opinions and high-profile interviews from prominent people, showcasing Ghana’s economic agenda and enhancing trust in the nation’s investment potential.
“The Report: Ghana 2024” will be available in both digital and print formats, offering detailed analyses on Ghana’s economic integration efforts, intraregional cooperation, digital expansion, and opportunities arising from the AfCFTA. This publication is set to be an indispensable guide for investors, providing unparalleled insights to navigate Ghana’s economic prospects strategically.