Trade Dispute: Nigeria, Ghana To Establish Business Council.

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By Chinenye Festus:-

It seems the legislative diplomacy resolution between Nigerian Traders and Ghanian Government is coming on fine as both countries are looking at establishing a business council and joint ministerial committee to aid in resolving some of the disputes facing the two neighbours.

The Spokesperson for the House of Representatives Benjamin Kalu on Friday disclosed this in a statement. The statement said that the Ghanaian President Nana Akuffo-Addo gave the Speaker Of the House of Representatives Femi Gbajabiamila an assurance that Ghana is ready to work things out with Nigeria by considering the resolutions reached at the ‘Legislative Diplomacy Bilateral Meeting’ between senior legislators of both countries on September 2, 2020, at the Ghanaian Parliament House.

The Ghanaian President gave this assurance when the Speaker of Ghana’s Parliament Prof Mike Qquaye upon completion of the 2-day extensive dialogue, took his Nigeria Counterpart Hon Femi Gbajabiamila to the Jubilee House, Accra, Ghana on Thursday to see Ghanaian President Nana Akuffo-Addo.

The Ghanaian President said he is satisfied with Gbajabiamila visit as his ‘request makes a lot of sense’.

“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, may be long overdue,” Akufo Addo 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.”

“I am hoping when I see him on Monday for the ECOWAS summit, we can advance these discussions and come to a final conclusion.
“The way you yourselves have come about this matter is very satisfactory, and it requires our support. The review that you are asking for, why not? if it works in our mutual perspectives, we can take it for granted that your request will be taken seriously We will have a look at it.”
“So, the request for the review makes a lot of sense,” the Ghanaian President added.

Nigerian-owned, and some foreign businesses 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).

 

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