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GITFiC Conference: Equal Representation for African Countries

GITFiC Conference: Equal Representation For African Countries
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The Ghana International Trade and Finance Conference (GITFiC) presented its position on the global financial architecture, paying special attention to the African representation, reforms, and collaborative pathways to economic resilience and global prosperity.
The Global South Pole host had the privilege of attending it virtually and engaging with some of the key figures of this important event.
Speakers emphasized the need for global financial institutions to introduce changes that give African countries an equal voice.

“We need a new financial architecture; it will strengthen the voice of African countries. […] So to have an equal voice, dear colleagues, I need you to have equal representation. So the decision-making is part of it. And we need to change the existing financial architecture,” Selasi Koffi Ackom, chief executive officer of the Ghana International Trade & Finance Conference, stresses.

The experts also commented on the challenges African countries face when it comes to accessing international financial resources.

"African countries, including Ghana, have magnificent resource endowment. When we talk about the paradox of the plenty, the resource endowment is yet to be translated into productive economic growth. The latter being essential for a country to mobilize public finance through, of course, export and, of course, being able to have access to the financial market," says Ngone Diop, director of the Economic Commission for Africa, Sub-Regional Office for West Africa, based in Niamey, Niger.

To find out more about the Ghana International Trade and Finance Conference (GITFiC), tune in to the Global South Pole podcast, brought to you by Sputnik Africa.
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