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Russian investors should seize the opportunity to invest in Ghana

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For nearly six decades, Ghana and Russia have had an excellent diplomatic relations and still looking to build a stronger economic cooperation. In this exclusive GNA interview, Ms. Shirley Ayorkor Botwe, Minister of Foreign Affairs and Regional Integration, explains to Kester Kenn Klomegah, the Moscow Bureau Chief, a number of significant corporate projects being undertaken by Russians as well as some aspects of the current economic cooperation between the two countries.

Hon. Minister, how would you assess the current diplomatic relations between the Republic of Ghana and the Russian Federation?

Currently, Ghana and Russia have an excellent diplomatic relations, which has been developed over the years, precisely 59 years. Although, for a relationship lasting this long, one would have expected it to move past where it is now. In short, there is still room for improvement.

Specifically, what is the level of economic cooperation between the two countries? And what are your priorities in the economic and business sphere?

Ghana and Russia are presently building stronger economic ties. Through the framework of the Ghana-Russia Permanent Joint Commission for Cooperation (PJCC), the two countries have pushed forward the agenda of fostering economic cooperation, first and foremost, in their relationship. Two sessions of the Ghana-Russia PJCC have been held already following the reactivation of the PJCC in 2013, with the last one taking place in Accra in September 2016.

The PJCC brings government officials and business leaders of the two countries together to discuss and forge cooperation on a wide range of issues of mutual interest to both nations such as Peaceful Use of Nuclear Energy, Immigration, Narcotics Control, Reciprocal Promotion and Protection of Investments, Agriculture, Fisheries and Aquaculture, Mutual Legal Assistance in Criminal Matters, Trade and Industry, Geology and Mineral Resources, Education and Science, Health, Transport, Housing, Information Communication Technology, and the Military.

Russia is an Energy giant. Ghana has persistent energy problems. Do you think Russia can play a significant role in providing long-term solution and most probably support the proposed nation-wide industrialisation programme of the current government?

Certainly, Russia can play, and is being engaged to play, a significant role in the long-term generation of power in Ghana. Negotiations are progressing steadily between the Ministry of Energy of the Republic of Ghana and ROSATOM of the Russian Federation in the construction and operation of the first ever Nuclear Power Plant (NPP) in Ghana and West Africa, with Russian design power units 1000-1200 MW capacity, together with other affiliated nuclear projects. It is hoped that both sides would expedite the negotiations, come to early consensus and have the project take off in good time.

Ghana is open to all the support that it could get from its friends and development partners in the nation-building drive, particularly in the nation-wide industrialisation programme of ‘one-district-one-factory’ of the New Patriotic Party (NPP) administration. Ghana could benefit a lot from the rich experiences of Russia, which has advanced knowledge, in the area of industrialisation. In any case, getting the power generating project going will impact considerably on the programme since the role of electricity cannot be downplayed in any industrial development.

Hon. Minister, what opportunities and incentives are currently available for foreign investors especially in the medium scale (size) businesses in Ghana? What is your special message for potential Russian investors here?

Ghana has one of the most attractive investment packages for foreign investors in Africa. Opportunities abound in nearly all the sectors of the Ghanaian economy, for instance in transportation, construction, real estate, banking, health, education, manufacturing, energy, agriculture and commerce, for every kind of foreign investor and on any scale, being large, medium or small.

The investment incentives include tax holidays right from the start of operation up to five, seven and 10 years depending on the type of investment. Five years for real estate investment, seven years for waste processing investment and 10 years for free-zone enterprise or development are few of the examples. Besides these attractions, there are investment guarantees, beginning with the constitutional guarantee, investment laws that guarantee 100% transfer of profits, dividends, etc., as well as negotiations of Bilateral Investment Promotion Treaties (BITs) and Double Taxation Agreements (DTAs).

The message to Russian investors is that Ghana is the gateway to West Africa and, therefore, the right place to invest in West Africa and Africa as a whole. With solid political stability and security, together with the very attractive investment package and easy accessibility to the entire West Africa market, not to mention the legendary Ghanaian hospitality, investing in Ghana is worthwhile and extremely profitable to all foreign investors. Thus, Russian investors should seize the opportunity to invest in Ghana for it is the right time and the right place to be in Africa.

Ghana celebrated its 60th independence in March. In your opinion, what are the landmark achievements in the economy? How important are these achievements for attracting foreign business into the country?

Sixty years ago on 6th March, 1957, Ghana attained its independence from Great Britain. The country has had its share of ups and downs as expected of any growing nation or individual for that matter. The country has come a long way. A number of landmark achievements in the economy could be identified in most sectors – human resource development, telecommunication, services and infrastructure, among many others.

However, the prevailing stable political climate and security could not be overlooked. It is viewed to be the striking achievement of the nation at this point in time, out of which outstanding achievements could be attained in all the sectors of the country, be it the economy, health or education.

Finally, Ghana and Russia will also mark their 60th year of establishment of diplomatic relations in 2018. How would you like to see the diplomatic relations developed in the next few years?

As stated earlier, as much as there exists a very good relations between Ghana and Russia, greater efforts need to be employed in fostering stronger economic ties. It is hoped that as Ghana and Russia commemorate 60 years of formal diplomatic relations, the level of economic cooperation between them would catch up with the well-developed bilateral political relations in the coming years. Emphasis should also be placed on developing ‘people-to-people’ relations, whereby the peoples of both countries would have better understanding of each other. Cultural cooperation, tourism, dissemination of information of each other’s customs and practices should be emphasised in bringing the people together for their mutual benefit.

MD Africa Editor Kester Kenn Klomegah is an independent researcher and writer on African affairs in the EurAsian region and former Soviet republics. He wrote previously for African Press Agency, African Executive and Inter Press Service. Earlier, he had worked for The Moscow Times, a reputable English newspaper. Klomegah taught part-time at the Moscow Institute of Modern Journalism. He studied international journalism and mass communication, and later spent a year at the Moscow State Institute of International Relations. He co-authored a book “AIDS/HIV and Men: Taking Risk or Taking Responsibility” published by the London-based Panos Institute. In 2004 and again in 2009, he won the Golden Word Prize for a series of analytical articles on Russia's economic cooperation with African countries.

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Africa

Critical Views On Russia’s Policy Towards Africa Within Context Of New World Order

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In September WhatsApp conversation with Matthew Ehret, a Senior Fellow and International Relations Expert at the American University in Moscow, he offers an insight into some aspects of Russia-African relations within the context of the emerging new global order. 

In particular, Matthew gives in-depth views on Russia’s valuable contribution in a number of economic sectors including infrastructure development during the past few years in Africa, some suggestions for African leaders and further on the possible implications of Russia-China collaboration with Africa. Here are important excerpts of the wide-ranging interview:

What are the implications here and from historical perspectives that Russia is looking for its allies from Soviet-era in Africa…and “non-Western friends” for creating the new world order?

Russia is certainly working very hard to consolidate its alliances with many nations of the global south and former non-aligned network. This process is hinged on the Russia-China alliance best exemplified by the integration of the Eurasian Economic Union with the Belt and Road Initiative and the spirit of cooperation outlined in the the Feb. 4 Joint Statement for a New Era of Cooperation.

Of course this is more than simply gaining spheres of influence as many analysts try to interpret the process now underway, but has much more to do with a common vision for instituting a new system of cooperation, creative growth and long term thinking uniting diverse cultural and religious groups of the globe around a common destiny which is a completely different type of paradigm than the unipolar ideology of closed-system thinking dominant among the technocrats trying to manage the rules based international order.

Soviet Union, of course, enormously supported Africa’s liberation struggle and resultantly attained political independence in the 60s. What could be the best practical way for Russia to fight what it now referred to as “neocolonialism” in Africa?

Simply operating on a foundation of honest business is an obvious but important thing to do. The African people have known mostly abuse and dishonest neo-colonial policies under the helm of the World Bank and IMF since WW2, and so having Russia continue to provide investment and business deals tied to the construction of special economic zones that drive industrial growth, infrastructure and especially modern electricity access which Africa desperately needs are key in this process.

African countries currently need to transform the untapped resources, build basic infrastructure and get industrialized -these are necessary to become somehow economic independent. How do you evaluate Russia’s role in these economic areas, at least, during the past decade in Africa?

It has been improving steadily. Of course, Russia does not have the same level of national controls over their banking system as we see enjoyed by China whose trade with Africa has attained $200 billion in recent years while Russia’s trade with Africa is about $20 billion. But despite that, Russia has done well to not only provide trains in Egypt, and has made the emphasis on core hard infrastructure, energy, water systems, and interconnectivity a high priority in the 2019 Russia-Africa Summit and the upcoming 2023 Summit.

Generally, how can we interpret African elite’s sentiments about Russia’s return to Africa? Do you think Russia is most often critical about United States and European Union’s hegemony in Africa?

I think the over arching feeling is one of trust and relief that Russia has returned with a spirit of cooperation. According to all the messaging from Lavrov who recently completed an important Africa tour late July, I can say that Russia is very critical of the USA and EU approach to hegemony in Africa. As Museveni and the South Africa Foreign Minister have recently emphasized, they are sick of being talked down to and threatened by western patronizing technocrats, whereas we see a sense of mutual respect among the discourse of Russian and Chinese players which is seen as a breath of fresh air. 

While the west is obsessed with “appropriate green technologies” for Africa while chastizing the continent for its corruption problems (which is fairly hypocritical when one looks at the scope of corruption within the Wall Street- City of London domain), Russia supports all forms of energy development from coal, oil, natural gas and even nuclear which Africa so desperately needs to leapfrog into the 21st century.

Understandably, Russia’s policy has to stimulate or boost Africa’s economic aspirations especially among the youth and the middle class. What are views about this? And your objective evaluation of Russia’s public outreach diplomacy with Africa?

So far Russia has done well in stimulating their youth policy with expanded scholarships to African youth touching on agricultural science, engineering, medicine, IT, and other advanced sectors. Additionally the Special Economic Zones built up by Russia in Mozambique, Egypt have established opportunities for manufacturing and other technical training that has largely been prevented from growing under the IMF-World Bank model of conditionality laced loans driven primarily by the sole aim of resource extraction for western markets and overall control by a western elite. Russia has tended to follow China’s lead (and her own historic traditions of aiding African nations in their development aspirations) without pushing the sorts of regime change operations or debt slavery schemes which have been common practice by the west for too long.

Sochi summit has already provided the key to the questions you have, so far, discussed above. Can these, if strategically and consistently addressed, mark a definitive start of a new dawn in the Russia-African relations?

Most certainly.

Geopolitical confrontation, rivalry and competition in Africa. Do you think there is an emerging geopolitical rivalry, and confrontation against the United States and Europe (especially France) in Africa? What if, in an alliance, China and Russia team up together?

China and Russia have already teamed up together on nearly every aspect of geopolitical, scientific, cultural and geo-economic interest imaginable which has created a robust basis for the continued successful growth of the multipolar alliance centered as it is upon such organizations as the BRICS+, SCO, ASEAN and BRI/Polar Silk Road orientation. This is clear across Africa as well and to the degree that this alliance continues to stand strong, which I see no reason why it would not for the foreseeable future, then an important stabilizing force can not only empower African nations to resist the threats, intimidation and destabilizing influences of western unipolarists. 

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Sahel security crisis ‘poses a global threat’

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Refugee women prepare food in a displacement site in Ouallam, in the Tillaberi region of Niger. © UNOCHA/Michele Cattani

Rising insecurity, including the proliferation of terrorist and other non-State armed groups, coupled with political instability, is creating a crisis in the Sahel that poses a “global threat”, the UN chief warned Thursday’s high level meeting on the vast African region, which took place behind closed doors at UN Headquarters in New York.

“If nothing is done, the effects of terrorism, violent extremism and organized crime will be felt far beyond the region and the African continent”, said Secretary-General António Guterres, in his remarks issued by his Spokesperson’s Office.

“A coordinated international breakthrough is urgently needed. We must rethink our collective approach and show creativity, going beyond existing efforts.”

The insecurity is making a “catastrophic humanitarian situation even worse”, he said, leaving some beleaguered national governments, without any access to their own citizens.

‘Deadly grip’ tightening

Meanwhile, “non-State armed groups are tightening their deadly grip over the region and are even seeking to extend their presence into the countries of the Gulf of Guinea.”

The indiscriminate use of violence by terrorist and other groups means that thousands of innocent civilians are left to suffer, while millions of others are forced from their homes, Mr. Guterres told the meeting of national leaders, during the High Level Week summit.

Women and children in particular are bearing the brunt of insecurity, violence and growing inequality”, he said, with human rights violations, sometimes committed by security forces mandated to protect civilians, “of great concern”.

Climate factor

And the crises are being compounded by climate change, said the UN chief, with soil erosion and the drying-up of water sources, “thereby contributing to acute food insecurity and exacerbating tensions between farmers and herders.”

“Against a global backdrop of turmoil on energy, food and financial markets, the region is threatened by a systemic debt crisis that is likely to have repercussions throughout the continent.”

The conventional international finance remedies are not helping, the UN chief said bluntly, with more and more countries forced to channel precious reserves into servicing debt payments, leaving them unable to pursue an inclusive recovery, or boost resilience.

“It is absolutely necessary to change the rules of the game of the financial reports of the world. These rules of the game are today completely against the interests of developing countries, and in particular the interests of African countries”, said Mr. Guterres, “with debt problems, with liquidity problems, with inflation problems, with instability, necessarily posed by this profound injustice in international financial and economic relations.”

Democracy, constitutional order

The UN chief called for a “renewal of our collective efforts to promote democratic governance and restore constitutional order” across the whole Sahel, which stretches from Senegal in the west to northern Eritrea and Ethiopia in the east, a belt beneath the Sahara of up to 1,000 kilometres.

The rule of law and full respect for human rights are indispensable for ensuring security and sustainable development, Mr. Guterres said.

Addressing national leaders and senior politicians from the region, he said the UN “stands ready to work alongside you, with urgency and solidarity, for a peaceful, stable and prosperous Sahel.”

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South Sudan: Extended roadmap for lasting peace deal, a ‘way point, not an end point’

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Since 2018, the Revitalized Agreement between the key players in South Sudan’s long-running civil war has provided a framework for peace, the Head of the UN mission there, UNMISS, told the Security Council on Friday – “despite continued outbreaks of intercommunal violence”. 

UN Special Representative Nicholas Haysom said that although key provisions of the Agreement are set to end by February, the parties agreed in August on a Roadmap that extends the current transitional period by 24 months. 

While a welcome development, he reminded that “there is no alternative to the implementation of the peace agreement”. 

“Let me underscore that the roadmap is a way point, not an end point”, he said. 

Inclusive political process 

The UNMISS chief flagged the importance of an inclusive political process and the opening of civic spaces as “essential conditions” for a robust and competitive electoral process. 

He then outlined some steps underway – from President Salva Kiir and first Vice-President Riek Machar’s agreement to resolve the parliamentary impasse, to the graduation of the first class of joint armed forces recruits – for which budgetary resources, integration and deployment, are vital to allow a broader security sector transformation. 

“Failure to address these critical issues…have the potential to reverse the gains made,” Mr. Haysom warned. 

Violence continues 

He went on to describe violence on the regional level, marked by cycles of cattle raiding, abduction, and revenge killings along with fighting in Upper Nile state that has displaced thousands of people. 

The Special Representative reported that while conflict-related violence is also increasing, UNMISS continues to support prevention through policy frameworks and other areas. 

“The Mission is strengthening its support to the justice chain in each state…to address crimes that risk destabilizing the peace, including those involving gender-based violence,” he told the ambassadors. 

‘Double pivot’ 

Mr. Haysom said that UNMISS has managed to accomplish a “double pivot” in its focus and operations, by channeling resources towards the political process; proactive deployment to violent hotspots; and expanding its protection presence for civilians. 

He assured that South Sudan’s natural resources have “tremendous potential” for either conflict, or cooperation.  

“It is always political that can make the difference”. 

Turning to the humanitarian situation, he acknowledged that food security continues to deteriorate, leaving some 8.3 million people in need and outstripping available funding. 

Noting that the Humanitarian Response Plan is only 44.6 per cent funded, he urged donors to fulfil their pledges. 

‘Litmus test’ 

He asserted that the next few months would be “a litmus test” for the parties to demonstrate their commitment to the Roadmap, warning against “delays and setbacks”. 

In closing, the Special Representative reaffirmed the importance of the international community’s support. 

“Our collective task now is to support the parties in fulfilling their obligations to the people of South Sudan as per the timing of the Roadmap,” he concluded. 

Indispensable timelines 

Meanwhile, Lilian Riziq, President, South Sudan Women’s Empowerment Network discussed a broad-based and inclusive process for all key participants, underscoring the need for a new transitional governance process.  

She underscored that election timelines are indispensable, noting that four years on, levels of revitalized agreement implementation have not brought security or ended humanitarian misery. 

She also highlighted ways that precious oil revenues in South Sudan, have been heavily misused. 

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