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Ghana’s President, John Dramani Mahama, has urged African leaders to strengthen institutions to ensure its citizens, especially the youth, get the needed economic prosperity.

He has bemoaned the slow pace of development on the continent despite the commitment for democratic governance which he says should have propelled the trajectory of development for the region.

Speaking at the 2025 Africa Prosperity Dialogues in Accra Sunday, February 02, 2025, John Mahama underscored the need to prioritise good governance, transparency, and accountability to ensure Africa’s economic prosperity.

He stressed the critical roles of stability, predictable policies, and the rule of law in attracting investors and ensuring sustainable economic growth.

“Investors and businesses thrive where there is stability, predictable policies, and the rule of law,” he stated.

Mahama expressed concern over the frustration and disillusionment of African youth due to limited economic opportunities.

“Our youth are tired and frustrated at the lack of opportunities to realize their dreams and aspirations. Our decision to embrace democratic governance was supposed to yield a dividend that would improve the lives of our people and bring prosperity to all. Unfortunately, progress has been sluggish and intangible,” he lamented.

He called on the African leadership to instill economic growth, attract investment, and expand employment opportunities for young people to restore faith in democratic and constitutional governance.

In that quest, he highlighted on key indices like strengthening democratic institutions, ensuring free and fair elections, and fighting corruption as essential steps towards achieving the goals.

“We must reaffirm our commitment to strengthening democratic institutions and ensuring free, fair, and transparent elections. We must also fight corruption, which robs our nations of resources needed for development,” he urged.

John Mahama also stressed that economic growth cannot be sustained in an environment of instability, stressing the need for peace and security across the continent.

“As leaders, we must promote peace and security, as economic growth is impossible in times of conflict,” he noted.

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