Foreign Lands

June 1, GNA – Ghana’s Finance Minister, Dr Mohammed Amin Adam, has kicked against African governments investing significantly in foreign financial institutions using money earned from its most resource-rich sectors. Rather, he called for the establishment of Regional Funds to draw financial resources for infrastructure development to propel intra-Africa trade, and help solve the recurring economic crisis on the continent. The Minister, while indicating that the country had enough resources, bemoaned the rate at which many countries saved money in international financial institutions, depriving the continent of needed funds for development. He was speaking with the media on the margins…