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By Morkporkpor Anku / Julius K. Satsi, RNG
Accra, August 1, GNA – President Nana Addo
Dankwa Akufo-Addo said Thursday that the transformation of Africa Beyond Aid was a necessity
as "Africa is eager, Africa is willing".
President Akufo-Addo was speaking at the
opening of the first phase of the World Bank African Caucus meeting and
Governors of the International Monetary Fund (IMF) in Accra.
The event was held under the theme: "Africa
Beyond aid: institutional capacity building and innovative financing of
Sustainable growth. "
The African caucus was created in 1963,
referred to as the "African Group", with the aim of strengthening the voice of
African Governors in the Bretton Woods Institutions – IMF and World Bank
Group on development issues of particular interest to Africa.
Membership in the Caucus is open to all
The African countries, members of the IMF and the WBG, currently represent the 54
the countries of the African continent are members.
President Akufo-Addo said that he is working together
with the African people and with educated, competent and confident people
Africa, an Africa beyond aid, "we can and should; leave us at work. "
He said, "Since he is taking the reins of
Office, two and a half years ago, I was arguing for a Ghana beyond
Help, because nobody needs to tell us that the economic crisis
the transformation we want will not go through the aid. "
He said that the truth is that even if there is
not help fatigue and with the best will in the world and the most charitable
government in place in the so-called donor countries, it would never have
enough help to develop Ghana or Africa at the desired level.
"Help is never supposed to be what will bring us
status of nation or developed continent, "he said.
President Akufo-Addo said, despite
peculiarities of the situation of African countries, there are some
basic conditions that must be met in order to speed up the reader
to wealth and development and to realize the vision of an Africa beyond aid.
He said that these basic conditions are a
autonomous Africa, exploiting its immense resources to provide a dignified environment,
decent standard of living for people.
President Akufo-Addo said to go to the
Africa's destination Beyond aid, the continent should tap
effectively deploy its own resources and deploy them in a creative and effective way to
rapid economic and social transformation.
"We need a lot of resources to generate the
the prosperity we want in Africa, "he said.
President Akufo-Addo said while the continent
strives to do more to increase domestic revenue mobilization and take advantage of
technology to boost the performance of their revenue institutions they
must also be aware of how the product was spent and accounted for.
He said the budget and spending were transparent
management systems that allocate resources wisely
priorities, which effectively monitor their implementation, were of utmost importance.
importance.
President Akufo-Addo said that this was self-evident
the future economy of Africa can not be the raw material producing and
export economy of the past.
"It must be an economy based on
value added and industrial activities, if we want to create prosperity and
create jobs for our people, especially for our young people, "he said.
He called for an increase in trade and investment
it would be a significant boost for the continent's efforts
industrialization and agricultural modernization.
President Akufo-Addo declared prosperity
would also come from the free movement of qualified Africans crossing the
continent to make better use of their talents and to contribute to the growth and
prosperity in Africa rather than on other continents.
Mr. Ken Ofori-Atta, Minister of Finance,
who is the president of the African caucus, said that the theme of the event was
derived from the African vision Beyond the help of President Akufo-Addo.
He said that the pbadionate and pbadionate president
convincing advocacy for Africa to manage its resources more effectively and use
to transform the economies of the region to create shared prosperity on the
continent, resonated among Africans, including governors.
Mr. Ofori-Atta said in the next two days:
Governors would discuss the programs and institutions needed to
to make Africa beyond aid a reality by focusing on how to mobilize the
Woods Institutions (World Bank and IMF) to provide more effective support
in Africa in pursuit of the vision.
The Chair stated that the meeting would be
deliberate on topics such as human development and skills development
Accelerate jobs and economic; Institutional capacity building; and public
Financial management to increase and efficiently use Africa's resources.
The other topics, he said, were the promotion
Innovative financing for private sector led growth and the fight against illegal financing
Flows; Meeting the financing needs of Africa's development and ensuring debt sustainability;
and facilitate economic integration through trade, supporting African countries
Continental Free Trade Area (AfCFTA).
GNA
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