Akufo-Addo disposed to business council idea
By John Eche
Ghana’s President, Nana Akufo-Addo has stated that he is well disposed to the establishment of a Nigeria-Ghana business council as a more enduring way of resolving trade disputes involving business people from both West African nations going forward.
The president was speaking while holding talks with the Speaker of the House of Representatives of Nigeria, Hon. Femi Gbajabiamila.
There have been increasing incidents of trade disputes between Nigeria and Ghana in recent times with officials of both Nigeria and Ghana exchanging words in the public arena that has raised tension levels in both nations.
The latest is the insistence of the Ghanaian authorities to implement a local requirement that traders from outside Ghana must show evidence of a one million dollar investment in the country.
But as part of the discussions with Gbajabiamila on Friday, Ghana’s President Nana Akufo-Addo has promised that the country will revisit the $1 million mandatory business capital for Nigerians and other foreign nationals which had been imposed as a requirement for their doing business in the country.
“The review that you are asking for, why not? if it works in our mutual perspectives, we can take it for granted that your request will be taken seriously. We will have a look at it,” Addo said.
On the call for the establishment of a Nigeria-Ghana business council by Gbajabiamila, Akufo Addo asserted that he was hopeful that if established it would helpl “superintendent trade matters and investment matters between our two countries (and) maybe long overdue.”
President Nana Akufo-Addo of Ghana