Africa Could Unlock $3.4 Trillion By Harmonising Trade Policies – Mahama
President John Mahama emphasized the need for a concerted effort to invest in critical infrastructure and harmonise trade policies across the continent to unlock Africa’s economic potential.
Speaking at the Africa Prosperity Dialogues 2025 in Accra, on Saturday, February 1, President Mahama stated that while trade derealization is an important step, it is not enough on its own to drive sustained economic growth.
He highlighted the importance of investing in infrastructure, such as efficient road and rail networks, ports, and digital connectivity, to facilitate smoother and more cost-effective trade.
“We must strengthen African supply chains to ensure that our industries produce goods that meet both regional and global standards,” he said.
Read also: Digital transformation key to Africa’s economic future – Mahama
He underscored the need to eliminate non-tariff barriers and reduce the cost of doing business across borders to foster an environment conducive to trade and economic collaboration.
Mr Mahama also stressed the importance of accelerating the operationalization of the Pan-African Payment and Settlement System (PAPSS), which would help streamline financial transactions and facilitate the movement of goods and services across Africa.
He added “If we commit to these actions, we can unlock a $3.4 trillion market, creating jobs and prosperity for millions of Africans across this continent.”
The dialogue brought together policymakers, business leaders, and thought leaders from across Africa to discuss solutions to the continent’s economic challenges and opportunities for growth.
Credit: Emmanuel Tetteh
