MAHAMA LAUDS NEW DAWN ECONOMIC PUSH
GHANAIAN President John Mahama has commended the Zambian government’s efforts to stabilise the economy.
Addressing Parliament yesterday, President Mahama said the improved performance of the Kwacha and the ongoing reforms send positive signals to investors and cooperating partners.
The Kwacha has continued its bullish run against the United States dollar, closing on Thursday at K18.49 on the buying side and K18.86 on the selling side, according to Zanaco’s money market.
“I commend the effort of the Zambian government and the people of Zambia to stabilise your microeconomic environment. Ghana looks forward to deepening trade, investment and financial cooperation with Zambia to reinforce resilience and share prosperity,” President Mahama said.
He said Zambia and Ghana are natural partners with opportunities to forge joint ventures in value chain development and expanded bilateral trade.
To achieve economic transformation, President Mahama said Africa must not be ashamed to leverage its comparative advantage in its natural resource endowment.
“Africa must exercise greater sovereignty over its natural resources if it is to create prosperity for its people. The era where we pass on our large-scale concessions to speculators, who then turn around and flip them for huge profits, must end.”
Zambia Daily Mail