President Akufo-Addo has called for an urgent rethink of the existing relations between Africa and Europe, noting that, the clear and present global dangers, cannot be resolved on the separate strength of the two continents, except by a combination of the same.
Addressing his audience in Brussels, Belgium, today 21 June, at the 2022 edition of the “European Union Development Days Conference, President Akufo-Addo”, noted that the COVID-19 pandemic and the ongoing Russian invasion of Ukraine, have had and continue to affect several African and European countries negatively.
The ability to deal with these negative economic effects, according to President Akufo-Addo, would require a joint and mutual effort between Africa and Europe.
“The combined effect of the debt situation, rising interest rates, and the rising cost of living is resulting in severe microeconomic and financial instability”.
“What is clear is that the ensuing damage cannot be cured so easily with the limited physical tools at our disposal and national policy adjustments,” President Akufo-Addo said.
“The long-standing relationship between Africa and Europe”, according to President Akufo-Addo, which was founded “on tiers of blood, culture, geography, and history should serve as a platform for enhanced cooperation between us (Africa and Europe)”.
“Indeed, no one needs to tell us that the issues of peace, progress, and prosperity in Africa and Europe are deeply intertwined”.
“It presupposes that ensuring the development of Africa should be in our common interests,” the President said.
“Now more than ever, a strong partnership between Europe and Africa, re-enforced political dialogue, and expanded cooperation in the fields of economic growth and international security are required” he added.
“We have to work together to achieve our goals including a fair, equitable process of energy transition which recognizes that the entire African continent is responsible for less than 4% global emissions and which safeguards the prospects of Africa’s development” Akufo-Addo further stated.
Global gateway package
He his statement, the President welcomed the establishment of the €300-Billion-Euro global gateway package by the European Union.
He added that he is hopeful, that the package will through innovative approaches, achieve its aim of boosting public and private investments infrastructure, and digital transformation job creation, among others.
“It is for these reasons that the establishment of the €300-Billion-Euro global gateway package by the European Union, which aims to boost public and private investments in the areas of infrastructure, energy and a green transition, digital transformation, growth and jobs, transport and human development over the next 7 years is very much welcomed,” Akufo-Addo said.
“This package must be innovative in its approaches to infrastructure investments and financing and should be characterized by demand-driven projects which deliver on Africa-defined projects” he added.
The European Development Days (EDD) is Europe’s leading forum on international partnerships.
Organized by the European Commission, the forum brings key actors together to share ideas and experiences in ways that inspire new partnerships and innovative solutions to the world’s most pressing challenges.
For its 15th edition, the EDD focused on “Global Gateway: building sustainable partnerships for a connected world.”
Global Gateway is the new European Strategy to boost smart, clean, and secure links in digital, energy, and transport and strengthens health, education, and research systems across the world.
It stands for sustainable and trusted connections that work for people and the planet, to tackle the most pressing global challenges, from climate change and protecting the environment, to improving health security and boosting competitiveness and global supply chains.