News Details
On Tuesday, June 21, 2022, as part of a two-day visit to Belgium in connection with the 15th Edition of the European Development Days (EDD), President delivered a keynote address. In his speech, the President emphasized the need for the international community to increase its efforts to assist developing nations in safeguarding their economies from the effects of the COVID-19 pandemic.

President Akufo also expressed concern regarding the impact of the Russian-Ukrainian conflict not only on Ghana and Africa, but also on developing economies worldwide. In addition, he cited a recent United Nations report estimating that seventy percent (70%) of Africa's economies were at high risk of deterioration as a result of the Russian-Ukrainian conflict.

The President called for additional debt relief assistance for non-IMF programme countries, as the initial facility designed by the G20 to assist economies with high debt levels, the Debt Service Suspension Initiative (DSSI), had expired since December 2021 and had not been renewed.

President Akufo-Addo stated that ties of blood, culture, geography, and history underpin Africa-Europe relations. He urged that this relationship should serve as a platform for enhanced cooperation between the two continents, as well as a catalyst to ensure that Africa would receive the necessary assistance, particularly in these difficult times.

Furthermore, the President stated that peace, progress, and prosperity in Africa and Europe were inextricably linked, and therefore efforts must be made to ensure that the development of Africa would be in our shared interest. He advocated for a stronger partnership between Africa and Europe, a strengthened political dialogue, and an expansion of cooperation in the areas of economic growth and international security.

President Akufo-Addo lauded the European Union for establishing the three hundred billion euro (€300 billion) Global Gateway package, which aims at increasing public and private investment in infrastructure, energy and green transition, digital transformation, growth and jobs, transportation, and human development over the next seven (7) years. He emphasized that the package must be innovative in its approach to infrastructure investments and financing, and that it must comprise demand-driven projects that deliver on African priorities.

In conclusion, President Akufo-Addo expressed his hope that the panel discussions and debates would produce fruitful outcomes for the successful implementation of infrastructure development projects throughout Africa.

Recent News

View All