President Akufo-Addo has descended heavily on some of the developed countries which are harboring an estimated $88 billion illicitly transferred from the African economy to theirs, and still describing countries where these monies were illegally transferred from as corrupt.
President Akufo-Addo, who rooted his argument in a report of the panel chaired by the highly respected former South African President, Thabo Mbeki, on the illicit flow of funds from Africa, insisted that it was wrong for these developed countries to receive the illegal money and then turn round to describe affected African countries as corrupt.
The Ghanaian leader contended that since the $88 billion is seen as illegal money, countries which had taken custody of it must immediately return them to Africa.
“Yes, those monies too must be returned to the continent. It is difficult to understand why the recipient countries are comfortable about retaining such funds, and are happy to call those countries from whom the monies are taken as corrupt,” he told the UN General Assembly.
He was of the belief that a joint taskforce of the African Union Commission and the OECD Secretariat, under the auspices of the UN, should be charged to find ways of stopping the damaging outflows.
President Akufo-Addo also demanded for the payment of reparations for the countries affected by the Trans-Atlantic Slave Trade.
According to President Akufo-Addo, “No amount of money will ever make up for the horrors, but it would make the point that evil was perpetrated, that millions of productive Africans were snatched from the embrace of our continent and put to work in the Americas and the Caribbean without compensation for their labour.”
He noted that the time had come for Europe and the United States of America to acknowledge that the vast wealth they enjoy was harvested from the sweat, tears, blood and horrors of the trans-Atlantic Slave Trade and the centuries of colonial exploitation.
“Maybe, we should also admit that it cannot be easy to build confident and prosperous societies from nations that, for centuries, had their natural resources looted and their peoples traded as commodities,” he added.
President Akufo-Addo stressed that the world has been unwilling and unable to confront the realities of the consequences of the slave trade.
He, however, indicated that, this is changing gradually and it is time to bring the subject of reparations firmly to the fore.
“Granted that current generations are not the ones that engaged in the slave trade, but that grand inhuman enterprise was state-sponsored and deliberate; and its benefits are clearly interwoven with the present-day economic architecture of the nations that designed and executed it,” he said.
The President continued, “If there are any hesitations in some minds about the paying of reparations, it is worth considering the fact that, when slavery was abolished, the slave owners were compensated for the loss of the slaves, because the human beings were labelled as property, deemed to be commodities.
“Surely, this is a matter that the world must confront and can no longer ignore. The AU has authorised Ghana to hold a global conference on the issue in November, in Accra.”
On the matter of the 2030 Sustainable Development Goals, the President stated that, before the onset of the COVID-19 pandemic, Ghana, like many other parts of the world were making progress with the seventeen (17) SDGs, and she had good reason to believe she would achieve the 2030 target.
“Today, the picture we have on our performance is not very bright. Most of the twenty-one (21) targets designated for achievement by 2020 have not been met and we are not on track to achieve many other targets by 2030,” he said
Indeed, according to the 2023 SDG report, just twelve percent (12%) of the SDGs targets are on track to be achieved.
“Progress on fifty percent (50%) of the targets is weak. The most disappointing part is that we have stalled or retrogressed more than thirty percent (30%) of the targets. We need to accelerate action on the entire project,” the President stated.
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