Vice President Dr. Mahamudu Bawumia has expressed that the African Trade Insurance Agency has stayed committed to the mandate for its establishment.
According to Dr. Bawumia, the creation of the agency forms part of African governments’ regional strategy to enhance competitive advantage and move towards self-reliance.
Talking at the opening ceremony for the 22nd Annual General Meeting of the African Trade Insurance Agency he said, “the interventions of ATI become damningly important to complementing the government’s efforts in strengthening growth and guiding economic impacts.”
The Vice President who supervised over the meeting also recounted the ATI’s contribution to the thriving of the African Continental Free Trade Agreement which is enormous in the world nowadays.
“ATI reinforces regional and continental initiatives including the African Continental Free Trade Area which is the largest free trade area and covers some 2.5trillion dollars in GDP.
Ghana is proud to host the AfCFTA secretariat here in Accra and we encouraging closer the Secretariat and ATI to speed up the implementation of the area,” he added.
However, the CEO of the African Trade Insurance Agency also noted that “In the last two decades, we have defined our growth strategy in order to remain relevant in this fast-paced environment by being innovative and client-centered. I know I can count on our shareholders’ trust and commitment to supporting our growth ambitions.”
He told shareholders and development partners that gross underwriting revenues of US$143.5million, up to 14 performance compared to the previous year.
ATI has been in operation for over 20 years designing innovative financial products to harness Africa’s unique trade, investment and development opportunities.
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