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Let’s pursue industrialisation based on comparative advantage – Pres Maham
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Ghanaian Times
President John Dramani Mahama has underscored the need for Africa to pursue industrialisation strategies anchored in the continent’s comparative advantages.
To advance Africa’s industrialisation agenda, President Mahama urged countries to mobilise domestic resources more effectively through improved revenue collection, stronger public financial management and decisive action against illicit financial flows.
“Our development finance institutions must fulfil their mandate to mobilise private capital and support regional industrial projects,” he said.
President Mahama added that African governments must actively crowd in private sector investment through public-private partnerships, risk-sharing mechanisms and credit guarantees, describing these as essential tools for driving industrialisation and strengthening financial markets.
She urged African governments to prioritise inclusive industrial growth and pledged UNIDO’s continued support for industrialisation across the continent.