Ghana faces challenge to persuade Brics it deserves a seat at the table
Ghana is seeking to widen its trade and diplomatic options beyond the West by applying to join the Brics bloc of emerging economies. But a seat at the table is far from guaranteed: Ghana will have to convince all 11 existing members it is a valuable new partner.
Economist Prof. Godfred Bokpin has warned that Ghana must craft a clear strategy to handle the risks stemming from its recent decision to apply for membership in BRICS. Foreign Affairs Minister Samuel Okudzeto Ablakwa recently announced the government's intention to formally request entry into the group of emerging economies, citing diversification of international partnerships, increased economic opportunities, and enhanced cooperation with countries in the Global South.
Prof. Bokpin acknowledged that the move reflects the evolving global economic landscape, but emphasized the need to manage potential risks carefully, particularly regarding relations with traditional allies like the United States. He cautioned that closer ties with BRICS might strain ties with Western partners, urging the government to develop a comprehensive strategy to guide its engagement with both BRICS nations and existing allies.
The economist pointed out that BRICS comprises more than 40% of global GDP and predicted that China could surpass the United States as the world's largest economy by 2050. He added that projections indicate four of the world's five largest economies could be BRICS members by 2075. Prof. Bokpin stressed that the government should pursue this decision strategically, ensuring it safeguards Ghana's economic interests while preserving existing international relationships.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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