Ghana’s Finance Minister: “Africa Is Not Asking for Charity. It Is Asking for Equity.”

Ghanaian Finance Minister Ken Ofori-Atta. AFP.

Ghana’s Finance Minister Ken Ofori-Atta issued an urgent call for action on African debt relief in a column published in the Financial Times on Monday that also included stinging rebukes of the United States, China, and the financial services industry for their perceived failures.

Ofori-Atta repeated a modest set of demands made by a number of African leaders for what they need from the international community to help get through the current economic crisis brought on by the COVID-19 pandemic:

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More
by Eric Olander

Most Read

1
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
2 Chinese Military Fans Discuss Why Indonesia Bought Rafale Instead of J-10C
3
Indonesia Begins $5.9 Billion Chinese EV Battery Project Despite Environment Fears
4
Chinese Cargo Planes Secretly Ferrying Supplies to Iran, Claim Online Sleuths
5
China, U.S. Ink Rare Earth Deal; More Trade Pacts Coming
6
Indonesia Goes Nuclear, Taps China and Russia for Modular Reactors

You Might Like

G20 Finance Ministers Expected to Approve Multi-Billion Dollar Debt Freeze Extension For the World’s Poorest Countries

Finance ministers and central bankers from China, the United States, and other G20 countries are expected to release a communiqué on Wednesday, according to Reuters, which will extend the Debt ...

G20 Agrees to Give Poorest Nations Just the Bare Minimum for Debt Relief

Finance ministers and central bankers from the Group of 20 wealthy nations agreed to a bare-bones debt relief package on Wednesday that will extend the G20’s Debt Service Suspension Initiative (DSSI) ...

Ramaphosa’s Latest Call For the IMF to Issue New Funds Likely to Become Snared in U.S.-China Dispute

Speaking in both his capacity as the outgoing chair of the African Union and the President of South Africa, Cyril Ramaphosa renewed his calls for urgent action by the International Monetary Fund to provide funds ...

Ghana Tries to Defend Itself Against Debt Critics

The Ghanaian Finance Ministry is angrily refuting recent reports by Bloomberg News reflecting the increasingly widespread perception in the global financial community that the country is now over-extended and facing debt distress. ‘There ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

More about CGSP