Former President of Ghana, John Dramani Mahama, has emphasized the need for more job opportunities in Africa’s public sector as a national leader. He said that the private sector should be supported to grow and employ more people.
He made these remarks at the Korea-Africa Business Summit 2023, where he was the keynote speaker.
“We can and we must create the conditions for a new partnership between Korea and Africa,” he said, addressing several key issues such as Finance 4.0, Innovation and Youth Entrepreneurship, Trade, Industrialization, Energy and Resources.
He added that Africa’s youth must have a brighter future ahead of them, and they are ready to work hard to achieve it.
He also said that Korea can assist Africa in empowering its young innovators and entrepreneurs to escape the unemployment trap and realize their dreams.
He noted that Africa’s youth have a lot of latent talent and skills, which can be unlocked and unleashed by the leaders.
He urged Africa to engage with Korea from all angles, so that they can learn from Korea’s remarkable transformation story.
He said that Korea can also partner with Ghana and Africa to build smart cities, develop social housing, and provide opportunities for collaborative payment platforms, Artificial Intelligence, and robotic platforms.
He stressed that this can only happen with fundamental shifts in how African economies operate and function. He said that sound economic management, based on comprehensive governance and economic reforms, must take root in African countries. He said that monetary policy should aim for sustainable growth, and that growth should be distributed equitably.