Overreliance on aid weakens capacity of African govts to generate and mobilise domestic resources – Akufo-Addo
Published:
2 months ago
Source:
3News
President Nana Addo Dankwa Akufo-Addo has urged African leaders and international development partners to critically reassess the current development cooperation framework. Speaking at the 5th anniversary of the Council of Foreign Relations, Ghana, on the theme "The Limits of the Current Development Co-operation Framework for Africa's Transformation," in Accra, the President highlighted the successes and challenges of Africa's development journey since the end of colonialism. President Akufo-Addo acknowledged the progress Africa has made in sectors like agriculture, education, health, and infrastructure, crediting international partnerships and various development frameworks for these achievements. However, he pointed out that despite these gains, significant challenges such as poverty, inequality, and underdeveloped infrastructure continue to plague the continent. He criticized the dependency on external aid as a major limitation of the current development cooperation framework, arguing that it undermines domestic ownership and self-reliance. "Overreliance on aid weakens the capacity of African governments to generate and mobilize domestic resources, ultimately hindering sustainable development," he stated.