Former President John Mahama on Thursday participated in a Frontier Markets Fixed Income Conference organised by Investment firm, JP Morgan in London.
Mr Mahama joined a panel on ‘Burden Sharing: Africa’s Need for a new development financing framework’ with Hassatou Nsele, Vice President for Finance at the AfDB.
Mr. Mahama, who is leading his party, the National Democratic Congress (NDC), to the 2024 election expressed support for the Bridgetown Initiative for reform of the world financial system.
He also noted that Africa needs a new financing model that combines private sector funds with more concessional multilateral or bilateral financing and guarantees to achieve the transition to green economies.
The former President of Ghana said Africa must have the courage to leverage the maximum financial outcomes from its natural resource endowment to finance the continent’s development.