Ghanaian President John Dramani Mahama’s speech at the recently-held 2025 Africa Prosperity Dialogues (January 30- February 01, 2025 ) is even more poignant today. He issued a compelling call to action, urging African nations to seize the immense $3.4 trillion economic potential that lies within the continent. He emphasised that Africa’s path to prosperity hinges on strategic investments in infrastructure, industrialization, and youth empowerment.
Industrialisation: From Raw Materials to Finished Goods
For too long, Africa has remained a supplier of raw materials while the economic gains from value addition occur elsewhere. Mahama stressed the urgency of shifting from mere exports of cocoa, oil, and minerals to producing finished goods, a transformation that would drive job creation and enhance Africa’s competitiveness in global markets. “We must transition from being exporters of raw materials to producers of finished products,” he declared.
AfCFTA and the Need for Infrastructure
Mahama highlighted the African Continental Free Trade Area (AfCFTA) as a transformative agreement poised to reshape intra-African trade. However, he cautioned that its success depends on substantial investments in infrastructure—roads, railways, ports, and digital networks—to facilitate seamless trade across borders. “We cannot speak of a truly integrated Africa without robust infrastructure,” he noted.
Empowering Africa’s Youth
With one of the world’s youngest populations, Africa faces a critical choice: harness its youth as a demographic dividend or risk economic stagnation. Mahama called for sweeping education reforms to equip young people with skills in technology, entrepreneurship, and emerging industries like renewable energy. “The future belongs to the digital economy, and we must provide our young people with the tools to succeed in it,” he urged.
Tackling Corruption for Sustainable Growth
Mahama also underscored the need to combat corruption, which continues to undermine Africa’s development efforts. “Corruption erodes trust, diverts resources, and weakens our collective potential,” he warned, calling on leaders to ensure transparency and good governance.
The Road to Prosperity
As Africa stands on the brink of transformation, Mahama’s vision is clear: investment in infrastructure, industrialization, and youth empowerment will unlock the continent’s full potential. The challenge ahead is not a lack of opportunity but the will to act decisively. By fostering regional integration, strengthening industries, and prioritizing governance reforms, Africa can chart a path toward sustainable prosperity and global economic influence.
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