Stop begging West for loan, Ghana president tells Buhari, other African leaders

Vanguard

He advocated that the resources in Africa should be spent on the continent to make it prosperous and get respect.

“If we stop being beggars and spend African money inside the continent, Africa will not need to ask for respect from anyone, we will get the respect we deserve. If we make it prosperous as it should be, respect will follow,” said Akufo-Addo.

Akufo-Addo’s admonition came on the day that the International Monetary Fund (IMF) agreed to give Ghana a $3bn (£2.4bn) loan to alleviate an unprecedented economic downturn in his country.

Already burdened by high debt, Ghana faces historic inflation of more than 40% and a fall in the value of its currency – the cedi – economic difficulties worsened since the Russian invasion of Ukraine.