Africa must find novel path to address infrastructure deficit


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Accra, Jan. 21, GNA
– President Nana Addo Dankwa Akufo-Addo says Africa’s future is dependent on
the continent “thinking outside the box” to address and finance its
infrastructural deficits.

He said given the
projection that one in four people would be African by 2050, there was an
urgent need for the Continent to find a novel instrument to fund the
continent’s infrastructure.

Contributing to a
panel discussion at the UK-Africa Investment Summit in London, the President
pointed out that despite Africa’s undisputed wealth “we have gotten ourselves
into a situation, where now the infrastructure is also undeveloped”.

It was therefore
time the continent exploited its immense potential, sought the path of
sustainable development, participated actively in the world economy, and
shunned the age-old dependence on development aid and debt-relief.

“Nobody is looking
for gifts or charity, but we are saying that if there is equity in the way most
people look at it, the means for being able to address the deficits and the
difficulties exist,” he told the gathering.

“And I think that
the London stock exchange can play a really significant and important role in
this new thinking.

“That, in my view,
is absolutely important for the future of the continent and for our relations
with countries like Britain.”