President John Dramani Mahama has emphasised the need for African countries to mobilise domestic resources to reduce dependence on external financing and achieve sustainable growth.
He noted that Africa’s economic journey has demonstrated resilience despite numerous challenges, with projections indicating a recovery in growth to 3.7 per cent in 2024 and 4.03 per cent in 2025. This optimistic outlook highlights the inherent strength of our economies and the effectiveness of policy interventions,” President Mahama said.
President Mahama, who is the Champion on African Union Financial Institutions, delivered the keynote address at the Heads of State and Government breakfast dialogue held at the AU Commission headquarters in Addis Ababa, Ethiopia, today (Sunday).
The event, a side meeting of the AU Summit, was themed “Africa at the Forefront: Mobilising African Investment and Financing for Implementing Agenda 2063.” Hosted by President Mahama, it was held under the auspices of the Alliance of African Multilateral Financing Institutions, also called the African Club.
Present at the meeting were high-level officials from various multilateral organisations within and outside the continent, including the Chairperson of the Governing Council of the Alliance of African Multilateral Financing Institutions (AAMFI) and President and Chairman of the Board of Directors of Afreximbank, Professor Benedict Oramah, as well as the Director General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala.