Ghana news briefing
Africa pushes for reforms to global financial architecture
The reforms seek to address debt restructuring, climate finance, concessional financing, digital development and the mobilisation of domestic capital to support the continent’s development needs. “This resilience is now informing Africa’s demand that the global system move from an aid-centric model to one that recognises trade, domestic capital, risk perceptions, and affordable finance as core to transformation and job creation,” she said. Ms Mavis Owusu-Gyamfi, President and Chief Executive Officer (CEO) of the African Centre for Economic Transformation (ACET), said the global financial system was not adequately supporting Africa’s economic and development ambitions.
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