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Wednesday, 07 June 2017

Ghana, Sierra Leone to ratify agreement for cooperation

Ghana and Sierra Leone have agreed to ratify the agreement for cooperation between them to provide the legal framework for addressing their trade and investment concerns. Despite the good relations that exist between the two countries, there is no framework for cooperation to guide those relations, a situation which is undermining the deepening of bilateral ties and cooperation between the two countries. The resolve of the two countries to ratify the agreement was one of the outcomes of President Nana Addo Dankwa Akufo-Addo’s one-day official visit to Sierra Leone last Wednesday. Speaking after the visit, the President gave an assurance that he would work with Parliament to ratify the agreement. The two countries signed the agreement for cooperation on December 19, 2013, but it is yet to be ratified by Ghana’s Parliament. The President’s visit to Sierra Leone was the third phase of his West African tour of ECOWAS?member countries to strengthen bilateral relations between Ghana and other West African nations. “Cooperation in the development of our agriculture, education, science and technology, infrastructure, health, energy and culture and the coordination of the exploitation of our mutual natural resources, such as bauxite, iron ore, diamond and gold, will be of immense benefit to our two countries,” he said. In addition to intensifying the links between Ghanaian and Sierra Leonean enterprises, the President underscored the need for the process of regional integration to be hastened. “For a region that has made the choice of pursuing integration, we have not done much as we should have in liberalising and encouraging trade among member countries,” he stated. He said research had shown that countries or groups of countries with the largest share of world trade were located within regions with the highest share of intra-regional trade and bemoaned the fact that trade among African regions remained low, compared with other parts of the world.

Source: Business Ghana