Trade Dispute: Ghana to consider resolutions from legislative diplomacy – Akufo-Addo

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The President of Ghana, Professor Nana Akufo Ado has assured the Speaker of Nigeria’s House of Representatives, Rep. Femi Gbajabiamila, of the readiness of the Ghanaian government to consider the resolutions reached at the ‘Legislative Diplomacy Bilateral Meeting’ between Nigeria and Ghana’s senior legislators on September 2, 2020, at the Ghanaian Parliament House.

The Ghanaian President gave the assurance when the Speaker of Ghana’s parliament, Prof. Mike Oquaye, upon completion of the 2-day extensive dialogue, led his Nigerian counterpart on a courtesy visit to the President at the Jubilee House, Accra, Ghana on Thursday.

The legislative diplomacy dialogue became imperative as the parliaments of the two countries sought modalities to resolve challenges and provide an enabling business environment for foreign traders including Nigerians doing business in Ghana. Several foreign businesses, many Nigerian-owned, in Ghana have been facing challenges in the demand for $1m capital base for foreign traders, as enshrined in the Ghana Investment Promotion Center GIPC Act (2013).

Responding to a request by Nigeria’s Speaker, Rep. Femi Gbajabiamila for a review of the Ghana Investment Promotion Centre (GIPC) Act to make certain concessions, President Akufo-Addo said the request was in order as it “makes a lot of sense”.

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