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Ghana News

Accra hosts the first-ever Africa Sustainable Supply Chain Summit

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The inaugural Africa Sustainable Supply Chain Conference in Accra was organised by the International Chamber of Commerce (ICC) Ghana in partnership with the United Nations Development Program (UNDP).

The annual gathering is intended to provide a forum for discussion and collaboration among present and future supply chain and operations executives regarding the effects of market dynamics and new technology.

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Participants in the recently concluded two-day conference in Accra had the chance to consider how to deal with supply chain disruptions within the AfCFTA as well as how sustainable supply chain management, cutting-edge technologies, process improvement, and automation are being implemented and can be used in Africa.

Speaking at the opening ceremony, a number of speakers emphasised the need to hasten Africa’s market integration on the strength of efficient and sustainable supply chain systems.

A solid foundation will assist boost resilience, and with clear and effective systems in place, consumers will have certainty and businesses will have a framework to follow, said ICC Secretary General John Denton in a virtual speech.

Simply put, increased commerce will result in greater growth, more revenues, and more prospects for better and more respectable jobs and investments over the long run, according to Mr. Denton.

According to Dr. Angela Lusigi, Resident Representative for UNDP Ghana, broken supply chains are one of the biggest threats to inclusive growth and long-term human development on the continent. These disruptions and delays were caused by the Covid pandemic, and more recently, the conflict in Ukraine and the global economic crisis. As a result, “it is now more crucial than ever to boost the resilience of Africa’s supply chains and to improve the implementation of integrated supply chain solutions to achieve economic, social, and environmental goals.”

According to Wamkele Mene, the secretary general of the AfCFTA Secretariat, Zimbabwe maintains an annual grain surplus of 200 million dollars. The inability to store, process, and export the extra grains to the rest of the continent causes them to be wasted. Unfortunately, according to Mr. Mene, 70% of Africa’s grain needs are met by Eastern Europe.

“Therefore the task for us is to build supply chain networks, technologies, and capacities that will enable not just Zimbabwe in this example, but also Malawi, Ethiopia, and any other country that has the capacity to export and ensure food security for the African continent, to do so.”

Because the AfCFTA offers an economic breakthrough, the keynote speaker Michael Okyere Baafi asked professionals to provide effective, pragmatic remedies to address the challenges of the agreement.
Specifically with the establishment of the Pan African Payment System, he said it should be made simple and economical for traders to link with logistic networks throughout the continent.

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