President Akufo-Addo has expressed concerns over some African countries being worst-hit countries during global downturns despite contributing  the least to the causes of these upheavals.

The President made this remarks when he addressed a high-level African Union-backed “BOMA” event organized jointly by the African Union, the AfCFTA Secretariat, the Africa CDC and AfroChampions. With support from Afreximbank, Ecobank, IC Publications, the Village Foundation, BADEA, Orango and MTN.

Akufo Addo strongly urged the assembled leaders to prioritize and focus on collective actions to strengthen Africa’s influence in the global economic order.

According to him, the international instruments for resolving these crises lack input from smaller economies. Hence, Africa therefore needs to invest more in its own instruments for financial crisis management and speed up the emergence of a continental lender of last resort. But even a whole continent cannot alone withstand the full onslaught of a global economic nosedive. Global cooperation will remain at the base of any strategy for addressing crises of such nature.

Akufo Addo further called for Africa to work together on a unified voice and approach to influencing the decisions taken in continental forums on crisis resolution.

In that same spirit of collective action at continental level, Ghana has been a strong supporter of African Union regional solutions such as the common African Vaccine Passport (www.africacdc.org/trusted-vaccines & www.panabios.org) and the AfCFTA Digital Corridor (www.afcfta.app) and its ProPer subsidiary platform (www.properseals.org).