https://en.sputniknews.africa/20250815/africa-to-gain-investment-boost-from-return-of-gold-holdings-and-foreign-reserves-1076938625.html
Africa to Gain Investment Boost from Return of Gold Holdings and Foreign Reserves
Africa to Gain Investment Boost from Return of Gold Holdings and Foreign Reserves
Sputnik Africa
While Africa sends much of its wealth overseas for “safety,” a development finance expert says keeping it abroad could be even riskier, and bringing billions... 15.08.2025, Sputnik Africa
2025-08-15T18:38+0200
2025-08-15T18:38+0200
2025-08-15T19:02+0200
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Africa to Gain Investment Boost from Return of Gold Holdings and Foreign Reserves
Sputnik Africa
While Africa sends much of its wealth overseas for “safety,” a development finance expert says keeping it abroad could be even riskier, and bringing billions home is a recipe for the continent's economic growth.
At the 2025 Afreximbank Annual Meetings in Nigeria, former Ghanaian president Nana Akufo-Addo called on African leaders to redirect their financial reserves into African-owned banks, warning that reliance on foreign vaults leaves the continent exposed to sudden funding cuts. He cited the US $750 million package Ghana secured from Afreximbank as a proof of the strength of regional institutions.The former Ghanaian leader stressed that keeping Africa’s capital within the continent would build financial resilience and autonomy. He explained that Ghana’s own experience of being shut out of global markets demonstrated how vital African-led solutions are in bridging funding gaps during crises.To assess the reasons behind the former Ghanaian president's call for African governments to repatriate a portion of their sovereign reserves into continental development financial institutions, African Currents interviewed Patrick Karani, a researcher at BEA International in Nairobi, Kenya.Want to hear more from our guest? Catch the full conversation on the African Currents podcast, brought to you by Sputnik Africa.You’ll find our episodes not just on the website, but also on Telegram.► You can also stream our podcast on Apple Podcasts, Spotify, Deezer, Pocket Casts, Afripods, Podcast Addict.► Check out all the episodes of African Currents.
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Africa to Gain Investment Boost from Return of Gold Holdings and Foreign Reserves
While Africa sends much of its wealth overseas for “safety,” a development finance expert says keeping it abroad could be even riskier, and bringing billions home is a recipe for the continent's economic growth.
At the 2025 Afreximbank Annual Meetings in Nigeria, former Ghanaian president Nana Akufo-Addo called on African leaders to redirect their financial reserves into African-owned banks, warning that reliance on foreign vaults leaves the continent exposed to sudden funding cuts. He cited the US $750 million package Ghana secured from Afreximbank as a proof of the strength of regional institutions.
The former Ghanaian leader stressed that keeping Africa’s capital within the continent would build financial resilience and autonomy. He explained that Ghana’s own experience of being shut out of global markets demonstrated how vital African-led solutions are in bridging funding gaps during crises.
To assess the reasons behind the former Ghanaian president's call for African governments to repatriate a portion of their sovereign reserves into continental development financial institutions, African Currents interviewed Patrick Karani, a researcher at BEA International in Nairobi, Kenya.
"The former Ghanaian president was very clear in the context of like, Africa needs to focus on the issues of good leadership, governance, prudence in financial management, minimize capital flights [...]. The other issue would be like on guaranteed security on the deposits. If there are guarantees for foreign investors that their money is safe and secure, that will also look kind of enhance their appetite to deposit [...]. I think this [bringing gold and foreign reserves home] will strengthen the investment relationships and build the confidence and new partnerships. This will open up new business opportunities," Karani noted.
Want to hear more from our guest? Catch the full conversation on the African Currents podcast, brought to you by Sputnik Africa.
You’ll find our episodes not just on the website, but also on
Telegram.► Check out all the episodes of African Currents. 
