Again, Ghana Beats Nigeria as Africa’s Hub of COVID-19 Vaccines Production

By Odera Egbe

Ghana beats Nigeria her main rival in the attraction of global investment both in health investment and financial integrity stock after the European Commission, EU, announced decision to take the West African country off the list of non cooperative nations in the Anti-Money Laundering and Terrorism Financing drives.

This happened as a result of the two-day working visit by the President of Ghana, Nana Addo Dankwa Akufo-Addo, to Brussels, Belgium, from May 19 to May 20, 2021.

It was also learnt that Vice President of the EU, Valdis Dombrovskis, indicated the selection of Ghana as a possible manufacturing hub for COVID-19 vaccines in Africa.

Explaining details of the deals, Eugene Arhin, Ag. Director of Communications at the Office of the President, said that the taskrorce teams trom the EU and Ghana will meet shortiy to discuss modalities towards the realization of this initiative which in principle, could be supported by the European Investment Bank (ET8).

“At a meeting between President Akufo-Addo and the President of the European Council, His EXcellency Charles Michel, as well as at the European Commission, the European Union acknowledged the efforts Ghana has made in implementing the action plan of the International Country Risk Guide (ICRG) in record time.

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“The Commission, thus, congratulated Ghana for the reforms embarked on, as well as the sustainable, robust systems deployed towards being taken off the list.

“By implication, it is expected that the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, will in June 2021, announce that Ghana has been taken off its list of high risk, third-world countries with strategic deficiencies in Ant-Money Laundering and Countering of Terrorism Financing.

“As has also been announced already, President Akufo-Addo has also secured one hundred and seventy millon euros (E170 million) from ETB for the establishment of the Development Bank, Ghana.

“The new national bank will assist in the revitalisation of the economy as well as see to the rapid recovery of the country from the ravages of CovID-19,” the Ghana president’s spokesperson said.

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