Vice President Dr. Mahamudu Bawumia has announced that Ghana plans to join the Pacific Alliance as an observer country.
The Pacific Alliance is an initiative of regional integration comprised of Chile, Colombia, Mexico, and Peru.
It was officially established on April 28, 2011, with the aim of building a deep integration area through a participatory and consensual process, and progressively moving towards the free mobility of goods, services, resources, and people.
The Pacific Alliance also aims to drive further growth, development, and competitiveness of the economies of its members, focused on achieving greater well-being, overcoming socioeconomic inequality, and promoting the social inclusion of its inhabitants.
It also seeks to become a platform of political articulation, economic and commercial integration, and projection to the world, with emphasis on the Asia-Pacific region.
Speaking at a meeting with visiting Colombia Vice President, Francia Marquez Mina at the Jubilee House in Accra on Wednesday, Dr. Bawumia said Ghana stands to gain a lot as an observer member of the Pacific Alliance.
“Our decision to become a member of the Pacific Alliance is very much in the strategic interest of Ghana and in the economic interests of Ghana and also in the tourism interest. I believe that our membership of the alliance will bring us closer to Latin America as a whole,” he stated.