Business

Resource Centre » Business » President urges global financial architecture reform and cancellation of Africa's debts

President urges global financial architecture reform and cancellation of Africa's debts


President urges global financial architecture reform and cancellation of Africa's debts

May 21, 2021 at 11:54 AM

President Nana Addo Dankwa Akufo-Addo has called for a reform of the global financial architecture (GFA) to enable it respond better to the needs of Africa.

He has also called for the cancellation of debts owed by African countries, in the wake of COVID-19.

The President, who made the call on Tuesday when he addressed the Summit on Financing African Economies, in Paris, France, pointed out that the global financial architecture, created by the Bretton Woods Conference, had proven to be unfavourable to Africa over the past 77 years and should be overhauled.

Learn more


Advantage Points