Ghana's ex-president calls for Africa to boost internal funds, reduce foreign aid dependency.

President John Dramani Mahama urged African nations to focus on domestic resource mobilization to reduce dependency on foreign financing and achieve sustainable growth. Speaking at an AU summit in Ethiopia, he highlighted the continent's $402 billion annual development funding shortfall. Mahama proposed strategies including improving tax systems, curbing illicit financial flows, and strengthening African financial institutions. He also emphasized the need to address challenges like climate change and geopolitical tensions to ensure progress.

4 weeks ago
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