Skip to main content

Mahama demands reset of global financial architecture skewed against Africa

 


President John Dramani Mahama is calling for Africa to have a stronger voice in the world’s multilateral financial institutions.

He argues that the global financial architecture is skewed against the continent.

President John Dramani Mahama made the remarks while delivering Ghana’s address at the 80th United Nations General Assembly.

We demand not only a reform of the Security Council, but also a reset of the global financial architecture, which is currently rigged against Africa. Africa must have a greater say in the world’s multilateral financial institutions,” he declared.

President John Dramani Mahama has also been touting Ghana’s economic turnaround under his administration.

He said his government has strengthened the cedi, reduced inflation to 11.5%, and maintained price stability within eight months of assuming office.

In just eight months, we have achieved a significant reduction in inflation, from 23.8% in December 2024 to 11.5% in August 2025, restoring price stability for our citizens. Additionally, the Ghana cedi has appreciated considerably against other currencies, with Bloomberg reporting it as the best-performing currency in the world at one point. Our improved sovereign credit rating reflects increasing investor confidence. Our 24-Hour Economy Initiative promises to transform our economy,” the president remarked.

Comments

Popular posts from this blog

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...

E&P takes over Black Volta and Sankofa Gold projects after years of delay

 Indigenous mining firm Engineers & Planners (E&P) has acquired Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd, taking full control of the long-stalled Black Volta and Sankofa gold concessions in the Upper West Region. The transaction, registered with the Registrar of Companies and approved by the Minerals Commission, ends nearly two decades of under-investment, legal disputes, and capital shortfalls that kept the concessions dormant. With global gold prices trading above $3,000 per ounce, the move comes at a time when Ghana is seeking fresh mining revenue to support its IMF-backed fiscal consolidation programme. E&P announced that it has secured funding to begin mine development and has committed to repaying verified debts associated with the projects. Ghana travel guide The company outlined a structured plan that includes: Working with the Ghana Revenue Authority (GRA) to audit and confirm loans previously recorded as project investments. Repaying genuine d...

Ghana Property & Lifestyle Expo Ignites Global Interest in Ghana’s Real Estate Market with Landmark Washington DC Edition

  Washington DC, USA – Hundreds of investors, professionals, and diaspora attendees gathered at the Washington Marriott Georgetown for the Ghana Property & Lifestyle Expo (GPLE) – Washington DC Edition , marking the dynamic launch of the 2025 Global Series. The two-day international showcase delivered a powerful mix of credible investment opportunities, expert insights, and strategic networking, spotlighting Ghana’s booming real estate sector as a leading destination for property and lifestyle investment in Africa. From luxury apartments and serviced plots to gated communities and commercial developments, attendees experienced the best of Ghana’s property landscape—featuring top developers from Accra and Kumasi, including Royal Kingdom Estate, Goldkey Properties, Devtraco Plus, Clifton Homes , and others.   Eddy Acquah Moderator & AJ Akua Johnson Brand Ambassador GPLE (Actress , Fitness Coach & Philanthropist) [/caption] Ambassador Victor Smith Applauds Expo’s Rol...