African countries must retain most of the gold produced in their respective countries to help stabilise their currencies, business magnate and philanthropist, Ibrahim Mahama has said.
As of the second quarter of 2023, the value of gold exports from Ghana had reached approximately US $1.71 billion. In the full year 2022, around US$6.6 billion of the commodity were exported.
Speaking at the opening of the 2024 Africa Prosperity Dialogue on Thursday (25 January), Mahama said, “If you know about the volume of gold we produce and we don’t hold that in our vault. [We should do that] and it could help our currency.”
“If we do that, I am sure, that will benefit not only Ghana but it will benefit the sub-region. So what I would propose is that, let’s look within [Africa] and see the talents we have,” Mahama added.
Listen to Ibrahim Mahama in the attached audio clip below:
He was speaking on the theme, “Developing Prosperity in Africa: Produce, Add, Value and Trade”
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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