Heads of the Sothern African Development Community (SADC) Mission in Accra, have welcomed the support and call by the President Nana Addo Dankwa Akufo-Addo, for the removal of sanctions on the Republic of Zimbabwe.

The SADC Mission in Ghana also joined other SADC Missions across the globe in their call for the lifting of the sanctions imposed on Zimbabwe by the USA, EU and the UK.

It would be recalled that the Zimbabwe Democracy and Economic Recovery Act which was passed in 2001 by the USA denied the country access to development finance and credit facilities offered by the International Monetary Fund (IMF) and the World Bank among others by instructing its Directors severing on these bodies to sanction any application targeting individuals and entities and instructing USA Nationals no to do business with Zimbabwe.

These sanctions, according to SADC Mission in Ghana, continue to hinder recapitalization and modernization of Zimbabwe’s industries.

According to the Mission, the sanctions also continued to negatively impact the health, education and sanitation infrastructure of the country in the COVID-19 period.

They indicated that at the 39th Summit of SADC Heads of State and Government on 8th August 2019 in Dar es Salammin, Tanzana declared October 25th of every year as Zimbabwe Anti-Sanctions Day.

According to SADC Heads, in October 2019 the Permanent Representative Committee (PRC) of the African Union regarding sanctions on Zimbabwe in a statement pointed out the effects of the sanctions on the overall economic situation in Zimbabwe.

The SADC Heads also reiterated that effects of the sanctions and noted that the group is concern about the negative impact of the sanctions on SADC region’s citizens and economy.

The statement averred that Zimbabwe’s re-engagement exercise has seen the removal of two banks from the US Treasury list of sanctioned entities and the lifting of a US$385 Million fine imposed on one leading commercial bank.

They called on the EU, UK and USA to cancel all sanctions against Zimbabwe to allow the country develop for the benefit of all its citizens.

Load More Related Articles
Load More By admin
Load More In myblog

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

December 7 Polls: NPP Will Capture Ashaiman -Alhaji Labaran Assures

By Alex Boye   The National Democratic Congress'(NDC) dominance in the Ashaiman Const…