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APD 2024: Africa needs regional approach to resource management, says Yofi Grant

The GIPC boss is optimistic this could help for mutual benefit in exploiting the rich mineral resources on the continent

The CEO of the Ghana Investment Promotion Centre (GIPC), Yofi Grant is proposing a regional approach towards resource management in Africa.

The GIPC boss is optimistic this could help for mutual benefit in exploiting the rich mineral resources on the continent.

Contributing to a panel discussion at the ongoing 2024 Africa Prosperity Dialogue in Aburi on Thursday (25 January), Grant said Africa must collaborate to maximise the benefit from its mineral resources.

“The production of batteries in Africa is much cheaper than you will find in China and yet we export all our components to China.

“Look at lithium; it is in abundance on the continent. Almost the whole of West Africa is blessed with lithium. We need to make use of it now.”

“And when you look at the continent, we are resource-rich, so why don’t we have a regional approach to resource management policies, where we share for mutuality,” Grant said.

Listen to Yofi Grant in the attached audio clip below: 

The three-day event ends on Saturday 27 January 2024 and will have as its overarching focus the need to propose concrete measures which will lead to Africans achieving prosperity for the African continent.

The APD, organised in close collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, based in the capital city of Ghana, Accra, will also seek to emphasise the unique opportunity that the AfCFTA offers Africa and her people to break free from the pervasive perceptions of poverty, unemployment and underdevelopment with which the continent is so often associated.

Dignitaries

Five African heads of state and another from the Caribbean, as well as several top business and thought leaders from across the African continent and the diaspora are participating in the second edition of the Africa Prosperity Dialogues (APD), which is currently underway at the Presidential Lodge at Peduase, in the Aburi Hills of the Eastern Region

Reporting by Fred Dzakpata in Aburi

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