Standard Chartered Summit set for Ghana
from MASAHUDU KUNATEH in Accra, Ghana
ACCRA, (CAJ News) – STANDARD Chartered’s clients, business leaders, policy makers as well as the media will on Thursday converge in Ghana for the bank’s 2015 Africa Summit.
The event is scheduled for Accra under the theme; “The last frontier; is Africa ready for transformation?”
The event will delve into two main topics namely: Translating Africa’s growth potential into equitable development and human security’, and Africa Rising: Was it an apparent inflection or mere ripple?’.
Standard Chartered Ghana’s Chief Executive, Kweku Bedu-Addo, said Ghana and Africa had remained lucrative markets.
“The potential remains obvious however there are some hurdles we need to overcome,” he said.
He said Standard Chartered believed there was an interplay of geopolitical and structural economic issues which are precipitating outcomes and realities.
“This forum will bring together panels of experts from both sides of the coin onto a common platform to discuss and suggest a practical forward-looking workable solution for Ghana and Africa,” said Bedu-Addo.
Standard Chartered’s Africa Head of Research, Razia Khan, said despite the slowdown in growth in Africa this year, the longer-term structural drivers of growth were still in place.
“Africa has the youngest population of any region. More importantly however, its share of the working age population is set to rise sharply in the decades ahead,” she said.
She said financial deepening would drive the emergence of a larger middle class, and consumption would gain in importance.
“Africa is also becoming more accessible to investment – building on its relationship with existing trade partners and deepening ties with new partners from the emerging world,” said Khan.
Ghana’s Vice President, Kwesi Amissah-Arthur, is expected to deliver a keynote address at the event.
Other speakers and panelists will include Seth Terkper, Minister of Finance, Dr Mohammed Ibn Chambas, Special Representative of the UN Secretary General for West Africa, and Sun Boaohong, the Chinese Ambassador to Ghana as well business leaders.
Standard Chartered established its first branch in Africa some 150 years ago and has been a consistent stakeholder in Africa’s development and economic evolution.
– CAJ News
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