#Davos2021: Nana Akufo-Addo on the path to sustainable recovery for Africa
In a session at the 2021 World Economic Forum’s virtual Conference, Ghana’s President Nana Akufo-Addo spoke on the path to a sustainable recovery for Africa while responding to questions by CNBC Africa’s Godfrey Mutizwa.
Mon, 01 Feb 2021 11:37:14 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Impacts of the pandemic on the global and African economies
- The urgent need for innovative resource management for inclusive recovery
- Challenges and opportunities in navigating the post-pandemic economic landscape
In a session at the 2021 World Economic Forum’s virtual Conference, Ghana’s President Nana Akufo-Addo spoke on the path to a sustainable recovery for Africa. The pandemic has plunged the world into an era of uncertainty and unprecedented challenges, with devastating impacts on lives and livelihoods. With the global economy shrinking by 4.3 percent last year due to the pandemic, the road to recovery remains arduous. Africa has not been spared from these economic shocks, facing challenges from both global economic slowdowns and a decline in domestic productive activities. This has led the continent into its first recession in 25 years, posing a significant threat to the progress made in building inclusive societies. The hopes of the 'Africa rising' narrative are fading fast, requiring innovative and efficient use of resources to drive economic and social transformation. President Akufo-Addo emphasized the need for African nations to leverage their resources and work towards sustainable development in the face of strained multilateral systems. Bold actions are crucial to ensure an inclusive and cohesive recovery post-pandemic.
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