foreign Capital

Relying On Foreign Capital Is Both Risky And Costly – Akufo-Addo

Relying On Foreign Capital Is Both Risky And Costly – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has indicated that relying on borrowing for development in African countries comes with challenges. He said it is risky and costly. To that end, he is calling for the strengthening of African financial institutions and their ownership in order to provide financial support to African countries at a low cost. President Akufo-Addo said these when he was speaking at the 30th Afreximbank Annual Meeting that started on Sunday in Accra, June 18. with the theme “Delivering The Vision, Building Prosperity For Africans.” The meeting is expected to end on  June 21, 2023. He said “The reality…
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