The President of Ghana, Prof. Nana Akufo Ado has assured the Speaker of Nigeria’s House of Representatives, Rep. Femi Gbajabiamila that his government will review its hostile trade policy against Nigerians in that country.
He said the government will “consider the resolutions reached at the ‘Legislative Diplomacy Bilateral Meeting’ between Nigeria and Ghana’s senior legislators on 2nd September 2020, at the Ghanaian Parliament House”
This was contained in a statement issued by the issued by the spokesman of the House, Rep. Benjamin Kalu, Akufo Ado, 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)”.
He said while responding to a request by Nigeria’s Speaker, Rep. 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”
He said “The Ghanaian President, who expressed satisfaction with Gbajabiamila’s visit, endorsed his proposal for the establishment of a ‘Nigeria-Ghana Business Council’ established by law in both countries, and he additionally suggested the setting up of a joint ministerial committee between the two countries that will “shepherd” issues between Ghana and Nigeria” .
The Ghanian President, according to the President, “told Gbajabiamila he would also raise the issue with President Muhammadu Buhari when they meet at the ECOWAS Summit on Monday”.
“I think the way forward, which is really what matters in situations like this, that is being suggested, one that I find very acceptable, the idea of legislation, a Nigeria-Ghana business council that will superintendent trade matters and investment matters between our two countries, maybe long overdue”, Akufo Addo, said.
According to the statement, the President also said “The time has come for us to take these worthwhile steps. I suggested to Mr President that it will be a good idea to set up a joint ministerial committee of ministers from both sides who will be responsible for shepherding Ghana and Nigeria issues, reporting to both presidents at any one time, and that is how they should be resolved.”