Veep departs for Russia Africa Economic Forum



The Vice President, Paa Kwesi Amissah-Arthur will today leave Accra for Saint Petersburg, Russia to participate in the Russia-Africa Economic Forum.

The three-day programme slated from June 16 to 18, 2016 will attract hundreds of participants from both the advanced countries and the developing economies, especially in Africa.

They include Heads of Government, representatives of the European Union (EU), World Bank, World Health Organisation (WHO), International Monetary Fund (IMF), academia, media and Civil Defence and natural disaster organisations.

A statement signed by Kweku Tsen, Presidential Staffer in charge of Communications at

the Office of the Vice-President, said the forum which would be characterised by panel discussions is expected to examine the extent to which global challenges such as epidemics of infectious diseases impact negatively on the economies of countries and entire regions and what measures could be taken to halt such emergencies.

The discussions would also dwell on the new trends in global geo-political economy and its ramifications on Africa’s market share of world trade and its struggle to revamp its economy to attract investments as well as improve the material conditions of its people.

As part of his participation, the Vice President is billed to address one of the sessions on investment interventions.

Apart from the forum, Vice President Amissah-Arthur is billed to confer with the Prime Minister of Russia, Mr. Dmitry Medvedev on ways of consolidating trade and other forms of economic relations between the two countries.

Ghana-Russia trade statistics indicate that external trade turnover declined from $1.42 billion in 2010 to $1.02billion in 2015, while Russia’s share in Ghana’s total external trade stood close at 0.4 per cent in 2015.

Captains of the Russian industry are also expected to call on the Vice President on the sidelines of the forum to seek investment opportunities in Ghana, especially in the agriculture, mining, tourism and oil and gas sectors.

The Vice President is also expected to interact with the Ghanaian community during which he will shed light on the successes chalked by the government and challenges confronting it in its management of the economy and efforts designed to transform the lives of the citizenry.

By Times Reporter

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