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Remove risk premium from credit rating for African economies – Akufo-Addo

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”.

Source: classfmonline.com/Emmanuel Mensah

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