Africa's richest man, Aliko Dangote, has praised President John Dramani Mahama for Ghana's remarkable economic turnaround. Speaking at the Accra Reset Initiative side event of the 81st United Nations General Assembly in New York, Dangote said Mahama's decisions restored confidence in the economy. He emphasized that investor confidence and trust are critical to attracting capital. The event, themed "Full Circle: Making Global Development Work Again," brought together leaders, business executives, and development partners.
Dangote highlighted Ghana's experience as a demonstration that "money follows trust." He explained that when investors have confidence in a country's leadership and economic direction, capital is more likely to follow. According to Dangote, Mahama did not perform any magic but took the right decisions to restore confidence in the economy. This approach has contributed to Ghana's economic progress.
The business magnate also called for greater freedom of movement across Africa to facilitate trade, investment, and business partnerships. He questioned the continued reliance on visa restrictions within the continent, arguing that Africans seeking to travel and engage in legitimate business should be able to move more freely across borders. Dangote emphasized that security concerns should be addressed without creating unnecessary barriers to movement and economic activity.
Dangote stressed that deeper continental integration, supported by the free movement of people and capital, would help unlock Africa's economic potential. This, he believes, would create more opportunities for businesses and citizens. The free movement of people and capital would also enhance economic cooperation and development across the continent.
The Accra Reset side event provided a platform for leaders, business executives, and development partners to examine the changing global development landscape. The event aimed to explore practical pathways towards a more responsive global system. Through the Accra Reset, Ghana is seeking to contribute to the wider conversation on how global institutions and development partnerships can better respond to the realities of a rapidly changing world.
The Accra Reset Initiative is part of Ghana's efforts to engage with global leaders and stakeholders on development issues. The initiative seeks to promote a more responsive global system that addresses the needs of developing countries. Dangote's participation in the event underscores the importance of collaboration and partnership in addressing global development challenges.
Dangote's comments on Ghana's economic turnaround and the need for free movement in Africa reflect his broader commitment to promoting economic development and cooperation across the continent. His advocacy for deeper continental integration and the free movement of people and capital aligns with efforts to unlock Africa's economic potential and create more opportunities for businesses and citizens.
Key points
- Aliko Dangote praises President John Dramani Mahama for Ghana's economic turnaround.
- Dangote calls for greater freedom of movement across Africa to facilitate trade and investment.
- Deeper continental integration is crucial for unlocking Africa's economic potential.
