Ghana supports AU partnership targeting $200bn in African financing over next decade – Ablakwa
Ghana has expressed support for a proposed partnership between the African Union Commission and the Alliance of African Multilateral Financial Institutions aimed at mobilising an additional US$200 billion in financing, investment, insurance and risk mitigation support across the continent over the next decade.
Ghana has shown support for an initiative aimed at mobilising an additional US$200 billion in financing for Africa's development over the next decade. This partnership between the African Union Commission and the Alliance of African Multilateral Financial Institutions seeks to increase the continent's capacity to finance its own development using its own resources.
Ghana's Foreign Affairs Minister, Samuel Okudzeto Ablakwa, welcomed the proposed partnership, emphasizing that it is an investment in Africa's financial independence and not an act of charity. The initiative calls for African multilateral financial institutions to double their capital and financing capacity within three to five years, while mobilising an additional $200 billion over the next decade.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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