Africa boasts some of the fastest-growing economies: President MahamaListen /
Today, Africa boasts of some of the fastest-growing economies in the world, with Ghana being one of them, according to President John Mahama.
He told the General Assembly that as the United Nations Human Development Index will attest, Ghana has made tremendous strides in a number of areas with the aim of improving the living conditions of its people.
President Mahama stressed that Ghana is on track to achieve the targets set under the Millennium Development Goals. Significant progress has been made in the following areas: reducing extreme poverty, gender parity in school enrolment, universal primary education, provision of safe drinking water and the fight against HIV/AIDS.
"The 21st century is fast being described as the century for Africa. Last year, of the 10 fastest growing economies in the world, 6 were African. Ghana, my own country, posted one of the highest GDP growth rates, with a final outturn of 14%. Foreign direct investments amounted to some 1.5 billion dollars across the various sectors. This type of sustained growth, in combination with security and democracy can only ensure an Africa that will bear no resemblance to the ghost of its former self." (Duration: 33″)
President Mahama said this new Africa will not be burdened with the heavy-handed conditions and limitations of loans. This new Africa will stand on the world stage as a mutual partner.