ADVERTISEMENT
  • Contact Us
  • security
  • About Us
  • social
  • Celebrity
  • Privacy Policy
  • Contact Developer
  • Livescore
Tuesday, March 21, 2023
FacetvNews
  • Login
  • Register
  • Home
  • world news
  • Online Radio
  • Ghana News
  • Africa News
  • Music
  • Videos
  • Entertainment
  • Religion
  • Fixtures & Standings
  • Livescore
  • Home
  • world news
  • Online Radio
  • Ghana News
  • Africa News
  • Music
  • Videos
  • Entertainment
  • Religion
  • Fixtures & Standings
  • Livescore
No Result
View All Result
Morning News
No Result
View All Result
ADVERTISEMENT
Home Featured featured

As global economic crises 'pile up', Ghanaian leader says it's time for urgent attention – UN News

Facetvnews by Facetvnews
October 15, 2022
in featured
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

Facebook Twitter Print Email
It was doubtful that any generation of Earth’s inhabitants has ever witnessed “such a perfect storm of global economic chaos, a war with global consequences, and an unwillingness or inability to find a consensus to deal with the catastrophe,” the President of Ghana told the UN General Assembly on Wednesday.
President Akufo-Addo’s address to the Assembly’s 77th annual high-level debate centered largely on the issue of global economic challenges and the need of performative solutions for the African economies.
Recalling that COVID-19 had pushed Africa into the worst recession for half a century, he said: “The World Bank observed, last Thursday, that the global economy was enduring its steepest slowdown since 1970. Two years ago, our world came to a thundering halt, as we cowered from a health pandemic from an unknown, malicious virus, coupled with a devastating global economic pandemic. High budget deficits were no longer a concern of only developing nations.”
Referring to Russia’s invasion of Ukraine, that aggravated an already difficult situation, he added, “Every bullet, every bomb, every shell that hits a target in Ukraine, hits our pockets and our economies in Africa.”  
Several African countries had inflation rates surging three to four times higher than what they were just two years ago. Ghana was experiencing the highest inflation for 21 years, he stated.
President Akufo-Addo highlighted that the international financial architecture was skewed significantly against developing and emerging economies like Ghana. He noted that “the tag of Africa as an investment risk is little more than, in substance, a self-fulfilling prophecy created by the prejudice of the international money market, which denies us access to cheaper borrowing, pushing us deeper into debts”, thus underscoring the necessity for reform of the system.
The Ghanaian President stated: “We do not have the luxury of being able to pick and choose which big problem to solve. None of them can wait; the economic turbulence requires urgent and immediate solution; the turmoil and insecurity in many parts of the world require urgent attention; and so does the need to tackle the problems posed by climate change.”
He also referred to the security situation in the area of the Economic Community of West African States (ECOWAS) and expressed disappointment over the fact that all of Ghana’s neighbors had suffered terrorist attacks, and some have lost territorial space to the invading forces. At the same time, he determined to reverse these unfortunate developments.
Remembering Ghana’s first President, Kwame Nkrumah, who would have been 113 years old today, he recalled driving force of De Nkrumah’s political career, which was to contribute to the birth of a united Africa, or a ‘United States of Africa’.
President Akufo-Addo told the world leaders that “Africa is ready for business. Africa needs you and you need Africa. You need Africa because Africa is busily building the world’s largest single market of 1.3 billion people.” He went on to add that Africa is the new frontier for manufacturing, for technology, for food production.
He concluded by calling on the investor community to support the roll-out of Africa’s lucrative agro-industry, and for the community to see agrobusiness in Africa, more of an opportunity, rather than the perceived, exaggerated risk which according to him has been false but the dominant narrative.
The 77th session of the UN General Assembly opened on Tuesday with its new president urging world leaders to respond to humanity’s most pressing challenges, including the war in Ukraine, by working together and building bridges across what are “deep divides”.
Facebook Twitter Print Email

source

READ ALSO

Nana Tornado reveals how Adom TV declared him missing at age 15, when he absconded to Philippines.

Existing heart medication may help treat alcohol use disorder – Medical News Today

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: @facetvnews

Related Posts

Nana Tornado
Celebrity

Nana Tornado reveals how Adom TV declared him missing at age 15, when he absconded to Philippines.

January 10, 2023 - Updated on January 11, 2023
8
featured

Existing heart medication may help treat alcohol use disorder – Medical News Today

October 21, 2022
0
featured

Why Is Ghana Turning to the IMF? – Foreign Policy

October 21, 2022
0
featured

Bill Squadron featured in ABC News report on transparency of NIL deals – Today at Elon

October 21, 2022
0
featured

Warning signs posted after box jellyfish spotted in Waikiki – Hawaii News Now

October 21, 2022
0
featured

No tax hikes, fee increases in Barlow's $55 million budget for 2023 – oswegocountynewsnow.com

October 21, 2022
0
Next Post

For governor candidates, building bond with running mate a necessary challenge - Hawaii News Now

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

Meet the great chef from Zimbabwe who has been around the world

Meet the great chef from Zimbabwe who has been around the world

December 12, 2022 - Updated on December 13, 2022
252
The young Ghanaian woman who became CEO at a tender age.

The young Ghanaian woman who became CEO at a tender age.

December 15, 2022
202
Meet the young vibrant Ghanaian dancehall artiste making waves in Accra Ghana.

Meet the young vibrant Ghanaian dancehall artiste making waves in Accra Ghana.

January 5, 2023 - Updated on January 9, 2023
94
Meet Beebu a talented Nigerian popular Yoruba musician 

Meet Beebu a talented Nigerian popular Yoruba musician 

January 5, 2023 - Updated on January 9, 2023
71
support our own – Black Sheriff

support our own – Black Sheriff

December 5, 2022 - Updated on December 6, 2022
36
ADVERTISEMENT

EDITOR'S PICK

East Gonja Chiefs angry with assembly members for voting against President’s nominee

East Gonja Chiefs angry with assembly members for voting against President’s nominee

November 6, 2021
0
Bundesliga round-up: Dortmund show fighting spirit while Sommer heroics frustrate Bayern – The Athletic

Bundesliga round-up: Dortmund show fighting spirit while Sommer heroics frustrate Bayern – The Athletic

November 7, 2022
0

Call to Earth Day 2022: A global mission to protect our oceans – CNN

November 3, 2022
0

I challenge myself to always do better-— Black Sherif – Graphic Online

October 25, 2022
0

About

Facetvnews

News $ Entertainment

We bring you the best new and entertainment, etc. Check our landing page for details. Download the app

Follow us

Categories

Recent Posts

  • Agnosticism and Gnostism
  • Manage Blood Sugar
  • Kejetia market shut down after fire outbreak
  • Fuel prices fall by 6% per litre; petrol sells for ¢12.95 and diesel for ¢13.49
  • Russian fighter jet strikes US drone over Black Sea, causing it to crash
  • Fixtures & Standings
  • Livescore
  • Contact Developer
  • Contact Us
  • Online Radio

© 2022 FactvNews -all rights reserved | Powered by Mcperry Imaginations.

No Result
View All Result
  • Homepages
    • Home Page 1
  • Politics
  • National
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Science

© 2022 FactvNews -all rights reserved | Powered by Mcperry Imaginations.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: