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Video: Africa should not need foreign aid

In an uplifting speech Ghana’s President, Nana Akufo-Addo, has stressed that Africa nations should no longer make policy based around foreign financial aid, emphasising that it “won’t work, it has not worked and it will not work.”

Speaking during an official state visit from French President Emmanuelle Macron earlier this month, Akufo-Addo underlined how Africa should be helping itself, instead of leaning on foreign counterparts.

Drawing comparisons with Asian countries, Ghanaian President emphasised that 60 years after gaining independence, Ghana should not need to rely on the generosity and charity of European taxpayers to fund many of its sectors.

Ghana: good governance

Akufo-Addo stressed that it is the responsibility of African leaders to charter a path to develop their nations and offer young Africans opportunities at home rather than abroad.

He called on African leaders to focus on good governance, accountability and diversity to promote trade and profit from the continent’s wealth of natural resources.

Watch the President’s full open speech here to see how Africa should be helping itself.


Ghana: Economic reforms

In related news, a feature article on ESI Africa, Sebastien Laye, a New York-based economist and businessman, writes about how Ghana needs economic reforms, stating that it is not “rocket science.”

Commenting on Ghanaian Finance Minister, Ken Ofori-Atta,  latest budget to parliament, Laye said the Minister’s bold claims to have “turned the economy around” and brought “relief to Ghanaians” raised more than a few eyebrows on the floor – not least due to the paucity of economists, financial institutions and international investors that shared his optimism.

Read the full article here.


Featured image: Ghanaian flag

Ashley Theron
Ashley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa.