World Economy

AU to Tone Fiscal Policies

AU to Tone Fiscal PoliciesAU to Tone Fiscal Policies

The African Union has been urged to work towards the harmonization of economic policies, the removal of tariff and non-tariff barriers to trade and the institution of mechanisms to support weaker countries in Africa, Yahoo News reported. The Minister of Foreign Affairs and Regional Integration, Hanna Serwaa Tetteh, who made the appeal, said some African countries might not be able to bear the consequential loss of critical revenues that might result from the opening up of their markets. She made the appeal in a keynote address delivered on her behalf by Ambassador Leslie Kojo Christian, the Chief Director of the Ministry, at the 9th Ghana-Africa Business Awards held recently as part of the celebration of the African Union (AU) Day in Ghana which fell on May 25, 2015. She entreated African countries to act in concert to underscore the importance of mobilizing resources for infrastructural connectivity across national borders with the expectation that when the necessary conditions were put in place, Ghana would have the competitive edge.