President John Dramani Mahama has urged African leaders to unite in vision and action to address the continent’s escalating debt challenges.
Speaking at the African Debt Union Conference, President Mahama emphasized the urgent need for innovative strategies to transform Africa’s debt landscape.
“In this, I say innovation must guide our debt strategy,” President Mahama declared, referencing earlier remarks by his co-speakers, who highlighted the importance of exploring new financial options.
He underscored the necessity of broadening the tax base, digitizing revenue collection, and strengthening domestic capital markets as key measures to reduce Africa’s heavy reliance on external borrowing.
President Mahama challenged the assembly to rethink the continent’s debt narrative. “Let us leave here with a renewed vision-a vision where debt is no longer synonymous with crisis but with capacity,” he said.
He added “Where our economies are built not on extraction and aid, but on innovation, value addition, and equity. Where we act not as debtors pleading for relief but as partners demanding reform.”
Reaffirming Ghana’s commitment to this cause, President Mahama stated, “Ghana stands ready, shoulder to shoulder with our fellow African nations, to champion this agenda.”
He appeal for a collective resolve stating “Let us walk this road together with courage, clarity, and commitment. Africa, united in vision and action, can overcome its debt challenges and deliver prosperity for generations of Africans yet to come.”
Source : www.kumasimail.com /Kwadwo Owusu
