ACCRA, Ghana and Sierra Leone have agreed to ratify an agreement for co-operation in order to provide the legal framework for addressing their trade and investment concerns.
Despite the good relations which exist between the two countries, there is no framework for co-operation to guide them and Ghana’s President Nana Addo Dankwa Akufo-Addo, who visited Sierra leone this week, has assured that he will push to have Ghana’s Parliament ratify the agreement which was signed by the two countries on Dec 19, 2013.
I will pursue this matter with my Parliament to ensure the ratification of this Agreement,” he said after making a one-day working visit to Sierra Leone Wednesday as part of tound of visits to fellow members of the Economic Community of West African States (ECOWAS).
Co-operation in the development of our agriculture, education, science and technology, infrastructure, health, energy and culture, and the co-ordination of the exploitation of our mutual natural resources, such as bauxite, iron ore, diamonds and gold, would be of immense benefit to our two countries, the president said.
He added that in addition to intensifying the links between Ghanaian and Sierra Leonean enterprises, the process of regional integration must also be hastened. For a region that has made the choice of pursuing integration, we have not done as much as we should have in liberalising and encouraging trade among member countries, he said.
Research has shown that countries or groups of countries with the largest share of world trade are located within regions with the highest share of intra-regional trade. However, trade between African regions remains low compared with other parts of the world, he noted.
With these very low levels of trade and investment co-operation, President Akufo-Addo said deliberate measures at expanding trade and business collaborations must be put in place to improve the prospects for prosperity of the peoples of the two countries.
Source: NAM NEWS NETWORK