(Xinhua) -- Ghana’s President Nana Akufo-Addo
said Tuesday that Africa needs to build value-added,
industrialized economies with modernized agriculture
that takes full advantage of the digital revolution to
create wealth and prosperity for its citizens.
Africa has the world’s second fastest
economic growth rates, the world’s fastest-growing
region for foreign direct investment, and has nearly 30
percent of the earth’s remaining mineral resources, with
a young, vibrant population, Akufo-Addo said while
delivering the keynote address at the 5th
German-African Economic Forum held in Dortmund, Germany.
In order to create prosperity for the
continent, Akufo-Addo urged African governments to
prioritize changing the structures of their economies
that were dependent largely on the production and export
of raw materials, according to a press release issued by
the Ghanian presidency.
“It is this reliance on raw material
exports that feeds our dependence on foreign aid,
and subjects us to the politics of the West,” he
The willingness of many African youths
to cross the Sahara desert on foot and drown in the
Mediterranean Sea in a desperate bid to reach the mirage
of a better life in Europe should serve as a wake-up
call for Africa’s governments, Akufo-Addo said.
“Africa needs to transform stagnant,
jobless economies, built on the export of raw
materials and unrefined goods to value-added
economies that provide jobs to build strong
middle-class societies and lift the masses of our
people out of dire poverty,” he said.
“We can only do so if we participate
in the global market place on the basis not of the
exports of raw materials, but on the basis of things
we make,” the Ghanaian leader said.