African countries should collaborate in building a self-reliant continent, not rely on aid – Akufo-Addo

Former President Nana Addo Dankwa Akufo-Addo has renewed his call for African nations to collaborate in building a self-reliant continent rather than depending on foreign aid.

Speaking at the launch of former Nigerian President Ibrahim Babangida’s autobiography, he stressed the need for African leaders to shift their focus from donor dependency to fostering strategic partnerships and sustainable economic policies.

“Too often, African nations look outside for solutions when the answers lie within our own borders,” he stated.

“We must reject the notion that aid is the key to our development. No country has ever achieved lasting prosperity by depending on handouts.”

His remarks come amid rising concerns over Africa’s economic vulnerabilities, including inflation, debt burdens, and global supply chain disruptions.

Most of these vulnerabilities occasioned in part by the COVID-19 pandemic and the economic hardships of African countries have been underlying.

This, the former ECOWAS Chair urged African nations to maximize intra-continental trade and investment, stressing that real progress lies in self-sufficiency and cooperation.

He highlighted the African Continental Free Trade Area (AfCFTA) as a transformative initiative that could unlock the continent’s economic potential.

“If we are to move beyond our historical economic challenges, we must fully embrace the AfCFTA. Removing trade barriers and fostering economic integration will create the conditions necessary for sustainable growth,” he said.