Ghana’s President Nana Addo Dankwa Akufo-Addo has said the time has come for the removal of the “Africa Risk Premium” from the credit rating structure for African economies.
Additionally, with the co-operation of all, Nana Akufo-Addo noted that Africa can successfully stem the $50 billion illicit flow of capital.
“As a start, the Organisation for Economic Co-operation and Development (OECD’s) new initiative that would require multinationals to pay tax in countries where they have commercial, not jurisdictional, presence is a welcome one. We must be vocal in defence of our objectives,” Nana Akufo-Addo stated.
The President said these on Thursday, 27 February 2020, at Chatham House, home of the Royal Institute of International Affairs, London, at s speaking engagement on the theme: “Financing for Sustainable Development in Africa”.