BY NAOMI UZOR
The Ghana High Commissioner to Nigeria, Alhaji Baba Kamara, has said that even though the economies of Nigeria and Ghana have been growing in the last decades, it has not translated into the economic development that is required to lift both countries from poverty.

Speaking at the Ghana business forum on fringes at the 2012 Lagos International Trade Fair (LITF), Kamara said the growth has not translated into the economic development that is required to lift the masses of our people from poverty because the growth in our gross domestic product is largely attributed to the growth in the oil and gas sector and other extractive industries.

“For the needed economic development and transformation to take place, we need to create the enabling environment that will see government and the private sector invest in the productive sectors of the economy where quality goods and services will be produced at competitive prices for domestic consumption and export.

It is when we produce quality goods that we can compete with products from other countries that we can effectively trade between the two countries and reap the benefits that it brings” he said.