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Post Covid-19:At UBA Africa Conversations, Global Leaders Seek Path To Economic Recovery

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Global leaders at the second edition of United Bank for Africa (UBA) African Day Conversations, have emphasised the need for meaningful collaborations between governments and the private sector as a panacea for the quick recovery of the economy of the African continent post Covid-19.

 

The leaders which included the President of Liberia, H.E George Weah; United States Senator Chris Coons; the President & Chairman of the Board of Directors of the African Export–Import Bank (AFREXIMBANK), Professor Benedict Okey Oramah; President, International Committee of the Red Cross (ICRC), Peter Maurer; spoke on Monday at the virtual Leadership Panel which was moderated by the Chairman, UBA Plc, Tony Elumelu.

Other leading voices who made up the panel were the Founder, Africa CEO Forum, Amir Ben Yahmed; the Secretary-General of the African Caribbean and Pacific Group of States (ACP)H.E George Chikoti; Administrator, United Nations Development Program (UNDP), Achim Steiner and Donald Kaberuka.

While moderating, Elumelu, who is also the Founder of the Tony Elumelu Foundation, spoke on the need to mobilise everyone and explained the necessity to discover a more fundamental solution to Africa’s challenges through collaborative efforts.

This is the time for us to deal with the situation we have and also forge a better situation for everyone, acting again collectively,” he said. “This is not the time for finger pointing but for collaborative effort by governments and organizations to fight the pandemic globally.”

Continuing, Elumelu pointed out that all hands must be on deck if the African continent is to have a quick recovery from the pandemic, adding “There is need to flatten the curve, we need global co-operation to stem global depression. Africa requires a large stimulus package, and we need long-term solutions to prevent a cycle of debt.”

In his submission, the Liberian President, George Weah, established how collaborations worked in his government in an attempt to stem the sufferings brought about the coronavirus pandemic.

“In Liberia we have taken measures to ease the financial burden on vulnerable business in the informal sector by providing small loan assistance to SMEs and traders. In addition, we are working with commercial banks to manage the repayment of loans as well as to create stimulus packages for citizens.”

On his part, US, Senator Chris Coons, said, “It is important to take a moment to look at how African leaders have reacted to the pandemic. In order for us to recover from this pandemic, we must develop a vaccine that is free and affordable and freely distributed so that full economic activities can return. There are ways we can invest in debt relief, invest in infrastructure and human development. This is no time to be looking backwards. We recognise the power of collective collaboration on the continent.

While pointing out that the pandemic poses an opportunity for Africa to be independent and promote its growth and development as a people without external help; Prof. Benedict Okey Oramah, on his part, said  COVID 19 has taught Africa that there comes a time when every group of people will fend for themselves.

He called for the swift implementation of the African Continental Free Trade Area (AfCFTA) agreement, adding, “The priority of government should be to make sure that the AfCFTA gets implemented without delay. If there was any doubt about the importance of that agreement, this pandemic has told us that this is the way to go.

Continuing, Oramah said, “The pandemic has shown so many weaknesses we have across our continent. We know that hunger is looming if we do not do anything. If we allow hunger to take over from the COVID 19 pandemic, we will begin to see political problems filling in. For Africa the problems go beyond health challenges to other areas such as food supply. Hunger is looming and if action is not taken, Africa will see political problem. Africa has become the epicenter of the economic devastation that this pandemic has unleashed upon us.”

While disclosing that Afrexim has made available $200million to supply fertilizers and grains amongst others across Africa, the Afrexim boss added that “If Africa allows hunger takeover the people, it will see an increase in insecurity, which will take a long time to overcome.”

George Chikoti of ACP, said that the huge task of economic recovery on the continent, rests on both the government and the private sector. “The responsibility of COVID-19 does not rest on the government alone, the private sector needs to play a big role in lifting the burden of the pandemic. African governments need to accept the support of the Private Sector in alleviating the impact of the COVID-19 pandemic in Africa,” he said.

“We have been able to release $25m to all member states. One of the major challenges is to make sure that in all countries, we have agricultural activity and high productivity. What we should learn from the impact of this pandemic is that the international community can look at how well they can fund all these initiatives that come from our countries, Chikoti added.

Achim Steiner of the UNDP noted that Digital connectivity is very essential as it is a crucial opportunity to connect all schools across the continent, adding that emphasis on Healthcare is also very important. “Digital connectivity is very crucial to connect schools to the internet. We need to address inequality; also, the virus has put a spotlight on Africa’s healthcare system. Africa needs to look at intermediate strategies like micro-insurance to ramp up this sector. Healthcare has the ability to make a large percentage of the occupation fall into extreme poverty.

“What we need to look at is to find a way for government as a regulator and also as an investor, to leverage private sector investment into these areas” Steiner said.

Peter Maurer, President, ICRC, said there is the need to look at pandemics as part of a broader health system which needs stabilisation; A lot of vulnerable populations in Africa have been heavily infected by the pandemic. “We must do more than life-saving. This pandemic has illustrated the weakness of health, water, sanitation and social systems, and we have to heavily invest into the stabilization of these systems.

Throwing more light on this, Maurer said, “Two things need to follow after live saving during the pandemic. First, the pandemic has illustrated the weak situation of health, water and food systems and we need to heavily invest both by the public and private sectors to stabilize the health sector. Secondly, investment has always gone into the more developed parts of Africa and not the fragile parts. We need Private Public Partnerships and investments by multi-corporate institutions to develop these areas’ he noted.

Amir Yahmed said the crisis is going to be a super accelerator of already existing trends. “We have to get away from the commodity driven model which has failed in creating prosperity. Secondly, self-reliance should be one of the major objectives. The pandemic is wake up call for Africa – Creating new streams of revenue and self-reliance by the African continent”

“We need to use this crisis to take Africa to the next level. This crisis is going to be a super accelerator of already existing trends. I think it has to be a wake-up call for us to attain goals we haven’t reached. Create new revenues for the economy. We also need to attain self-reliance. Self reliance is an important goal. Africa manufactures [only] 2% of what it produces. We need to use this crisis to take Africa to the next level. Invest in digital infrastructure, digital education, agriculture is another opportunity we need to grab. We need to get the AFCTA working,” Yamed said.

Donald Kaberuka on his part opined that “What we need (for this crisis) is something unusual, it is not business as usual. It is not marginal action, it is radical action.”

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The Return of Mr 24Hour Economy – Juicy Details of John Mahama’s Presidential Inauguration

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By Eric Elezuo

It was a carnival of some sort as the proverbial “the whole world” on Tuesday, January 7, 2025, trooped out in their numbers to the Black Star Square, to witness the inauguration of Dr. John Dramani Mahama, as he made a glorious comeback to the presidency of the Republic of Ghana.

Mahama was inaugurated to begin another four years journey of revitalization of the economy after an eight-year hiatus. His return was made possible after a resounding defeat of former (then incumbent) vice president Mahamudu Bawumia in the December 7, 2024 elections. His target is basically to reset the nation’s economy, and so earned him the sobriquet, Mr. 24hour economy.

The colourful ceremony proved to be a convergence of notable world and African leaders, who recognised the quality and mettle of Mahama’s administrative priwess. Among those present were Nigerian President Bola Ahmed Tinubu, Senegal’s Bassirou Diomaye Faye, Burkina Faso’s leader Ibrahim Traore, Kenyan President William Ruto, President Felix Tshisekedi of the Democratic Republic of Congo and Gabon’s Brice Oligui Nguema.

Others were Presidents Julius Maada Bio of Sierra Leone and Mamadi Doumbouya of Guinea as well as former leaders and officials including former Nigerian presidents, Chief Olusegun Obasanjo and Dr. Goodluck Jonathan.

There was also the presence of Osun State Governor, Senator Ademola Adeleke, the Ooni of Ife, Oba Enitan Ogunwusi, international citizen  and Chairman, Ovation Media Group, Chief Dele Momodu and many other traditional rulers, present and former high profile government officials across the West African sub-region.

The carnival-like inauguration witnessed a mammoth crowd of thousands of jubilant citizens dressed in the red, white, green, and black colours of the victorious National Democratic Congress (NDC) and official colours of the Republic of Ghana, who thronged Ghana‘s capital, Accra, to catch a glimpse of President John Mahama, who they believe is a 21st century messiah, in the guise of former president, late Jerry Rawlings. They waved flags, blew vuvuzelas, danced to loud sounding traditional drumbeats and expressed their optimism in the most graceful manner.

The colourful ceremony, which was also attended by outgoing president, Nana Akufo-Addo and vice president, Muhammadu Bawumia, who lost to Mahama in the election, was a celebration of democracy and hope for a nation battered by years of economic hardship.

Speaking for the first time as the president after eight years, and before an impressive crowd of cheering supporters, Mahama struck an optimistic tone, declaring the day a turning point for Ghana, as it marked the start of his unprecedented second term in office.

“We have endured severe economic hardships, moving from one crisis to another in recent years. But there is hope on the horizon,” he said. “Today marks the beginning of a new opportunity – an opportunity to redefine our governance and economic strategies. Together, we shall reset our beloved nation, Ghana.”

Mahama attributed his 7 December electoral victory, to the youth’s demand for change. He pledged to prioritise inclusivity, accountability, and innovation while focusing on critical areas such as economic restoration, governance reforms, and the fight against corruption.

“Your courage to bring change will not go in vain,” Mahama said. “We will focus our initial efforts on four critical areas: economic restoration and stabilisation of the macroeconomic environment; improvement of the business and investment environment; governance and constitutional reforms; and accountability and the fight against corruption.”

Mahama’s vision includes transforming Ghana into a 24-hour economy, leveraging agriculture and agribusiness to stimulate local industries and create jobs.

“This is a patriotic call to action for all of us to participate in building a nation that lives up to its promise, where hope thrives, and dreams become a reality,” he said.

As the crowd at Black Star Square erupted in cheers, Ghanaians looked forward to a new chapter under Mahama’s leadership. His promises of economic restoration and governance reforms have set high expectations, with the coming months expected to test his ability to deliver on his ambitious agenda.

CITIZENS’ RESPONSES

“I am here because I believe President Mahama will bring real change,” says Priscilla Oforiwaa, 32, a trader from Kumasi who attended the inauguration. “We have suffered for too long, and now is the time for a leader who truly understands our struggles.”

For his part, Andrews Brown, a 25-year-old university graduate who has been unemployed for two years, tells The Africa Report he feels positive about this new era.

“The 24-hour economy he promised gives me hope. We need jobs, innovation, and a leader who listens to the youth. I believe President Mahama can deliver.”

THE DECEMBER 7 ELECTION 

Mahama polled a tital of 6.3 million votes to beat Bawumia with a 1.7 million vote margin, in the election that generated a lot of tension many months before it was held. Both candidates had expressed optimism at coming out victorious as a result of certain advantages exclusive to them.

While Bawumia was banking on the power of incumbency and a few private achievements, Mahama banked on his antecedents, and belief that Ghanaians were desirous of change, considering the generally touted bastardization of the economy.

Bawumia of the New Patriotic Party (NPP) had immediately conceded defeat in the election, making the transition to the next administration a smooth affair.

He noted during a press conference: “The people of Ghana have spoken, the people have voted for change at this time and we respect it with all humility.”

On his X account also, Mahama confirmed he had received Bawumia’s congratulatory call.

Mahama had ruled Ghana between 2012 and early 2017. He had previously failed twice to win back the presidency but in December’s election managed to tap into expectations of change among Ghanaians.

THE MAN, JOHN DRAMANI MAHAMA

Mahama, a politician of great repute, was born on November 29 1958, and has been privileged to serve in various civil and political capacities, culminating in holding the highest office in the land from July 24, 2012 to January 7, 2017.

Mahama, who has a very affiliation with Offa, Kwara State in Nigeria, started his primary education at the Accra Newtown Experimental School (ANT1) and completed his O’levels education at Achimota School and his A’levels education at Ghana Secondary School (Tamale, Northern region). He proceeded to the University of Ghana, Legon, receiving a Bachelor’s degree in History in 1981 and a Postgraduate Diploma in Communication Studies in 1986. As a student, he was a member of Commonwealth Hall (Legon). He also studied at the Institute of Social Sciences in Moscow in the Soviet Union, specializing in Social Psychology; he obtained a postgraduate degree in 1988.

His catalogue of enviable services include serving as Vice President of Ghana from 2009 to 2012, and took office as President on July 24, 2012 following the death of his predecessor, John Atta Mills. He was also a Member of Parliament from 1997 to 2009 and Minister of Communications from 1998 to 2001. A communication expert, historian, and writer, Mahama is a member of the National Democratic Congress.

Though he was born in Damongo in the Damango-Daboya constituency of Northern region, he is a member of the Gonja ethnic group, and hails from Bole in the Northern region. His father, Emmanuel Adama Mahama, a wealthy rice farmer and teacher, was the first Member of Parliament for the West Gonja constituency and the first Regional Commissioner of the Northern Region during the First Republic under Ghana’s first president, Kwame Nkrumah.

After completing his undergraduate education, Mahama taught History at the secondary school level for a few years. Upon his return to Ghana after studying in Moscow, he worked as the Information, Culture and Research Officer at the Embassy of Japan in Accra between 1991 and 1995.

From there he moved to the anti-poverty non-governmental organisation (NGO) Plan International’s Ghana Country Office, where he worked as International Relations, Sponsorship Communications and Grants Manager between 1995 and 1996.

In 1993, he participated in a professional training course for Overseas Public Relations Staff, organized by the Japanese Ministry of Foreign Affairs in Tokyo. He also participated in a management development course organized by Plan International (RESA) in Nairobi, Kenya.

Mahama’s first triumph in politics came in 1996 when he was elected to the Parliament of Ghana to represent the Bole/Bamboi Constituency for a four-year term. In April 1997, he was appointed Deputy Minister of Communications, and barely a year later, was promoted to the post of Minister of Communications, and served until January 2001. During the period under review, he also served as the Chairman of the National Communications Authority, in which capacity he played a key role in stabilising Ghana’s telecommunications sector after it was deregulated in 1997.

As a minister, he was a founding member of the Ghana AIDS Commission, a member of the implementation committee of the 2000 National Population Census and a deputy chairman of the Publicity Committee for the re-introduction of the Value Added Tax (VAT).

In 2000, Mahama was re-elected for another four-year term as the Member of Parliament for the Bole/Bamboi Constituency. He was again re-elected in 2004 for a third term. From 2001 to 2004, Mahama served as the Minority Parliamentary Spokesman for Communications.

In 2002, he was appointed the Director of Communications for the NDC. That same year, he served as a member of the team of International Observers selected to monitor Zimbabwe’s Parliamentary Elections.

As an MP, he was a member of Standing Orders Committee as well as the Transport, Industry, Energy, Communications, Science and Technology Committee of Parliament.

In his continued efforts to expand his interest and involvement in international affairs, in 2003 Mahama became a member of the Pan-African Parliament, serving as the Chairperson of the West African Caucus until 2011. He was also a member of European and Pan African Parliaments’ Ad-hoc Committee on Cooperation.

In 2005, he was, additionally, appointed the Minority Spokesman for Foreign Affairs. He is also a member of the UNDP Advisory Committee on Conflict Resolution in Ghana.

As Vice-President, he served as the Chairman of the National Economic Management Team, the Armed Forces Council of Ghana, the Decentralisation and Implementation Committee and the Police Council of Ghana in this capacity.

Mahama is full of experience, having served at all levels of poltical office, and he brought them all to bear as President, giving out a sterling performance that could only compare with the very best. He was the first, and remains the only Ghana president to have been born after independence.

On March 30, 2014, he was elected to preside over ECOWAS. On June 26, 2014, he was elected Chairperson of the African Union’s (AU’s) High-Level African Trade Committee (HATC).

On January 21, 2016 on the occasion of the World Economic Forum in Davos, Mahama became co-chair of the Sustainable Development Goals Advocates group which consists of 17 eminent persons assisting the UN Secretary-General in the campaign to achieve the Sustainable Development Goals (SDGs) that world leaders unanimously adopted in September 2015.

In December 2016, he was part of the ECOWAS mediation team to resolve the post-election political impasse in The Gambia between the defeated incumbent, Yahya Jammeh and declared winner, Adam Barrow.

Mahama, now a member of the Assemblies of God, is married to Lordina Mahama, and they are blessed with five children named Shafik, Shahid, Sharaf, Jesse and Farida.

Over the course of his career, Mahama has written for several newspapers and other publications both locally and internationally. Additionally, he is also a devotee of Afrobeat music, especially that of Fela Kuti.

Mahama is not new to awards and honours as his good works have paved a broad way for recognitions. He received an honorary doctorate in the field of Public Administration, from the Ekiti State University of Nigeria, formerly affiliated to the Obafemi Awolowo University in “recognition of his politico-socio economic development of Ghana and Africa at various stages of his political career. Later the same university passed a resolution to name its Faculty of Management Science after him.

He was also honoured by the Cuban government with the Friendship Medal for his relentless advocacy for the Cuban cause.

Also, The General Council of Assemblies of God, Ghana has honoured him with its Daniel Award.

The Graduate School of Governance and Leadership also awarded him the African Servant Leadership Award while the Institute of Public Relations recognized Mahama with a prize for his leadership acumen and technocratic flair.

In 2013, the Forum for Agricultural Research in Africa (FARA) conferred on Mahama the Africa Award for Excellence in Food Security and Poverty Reduction.

In March 2016, University of Aberdeen held a special convocation to confer him an honorary degree of Doctors of Laws (LLD).

In December 2016, he was honoured with a Life time award by Ovation Media Group during its yearly Ovation Carol.

A Bill Gates Fellow, Mahama was awarded the Great Cross of the National Order of Benin, the highest award in Benin, by President Yayi Boni.

In February 2017, Mahama received the 2016 African Political Leader of the Year Award from the African Leadership Magazine in South Africa.

He honourably left office on January 7, 2017 after losing to main opposition candidate, Nana Akufo-Addo, in the general election held a month earlier.

“I will allow history to be the judge of my time,” Mahama said as he address his crowd of supporters as he concede defeat.

He repeated the same lines as he variously defended his administration in a bid to make a comeback during his campaigns.

Mahama has touted the achievements of his government in the areas of power, roads, the economy, water and sanitation. While delivering his final State of the Nation Address to Parliament, he said the government had extended electricity coverage, increased water supply and improved roads.

As president, he deployed emergency plants and sped up the completion of ongoing plants resulting in the addition of more than 800 megawatts (MW) of power over an 18-month period. That, and many more had helped to stabilise the power situation in Ghana.

Working on the standard mantra of achieving “water for all by the year 2025”, Mahama put in extra effort to achieve the target well in advance of the set date by increasing investment in the provision of clean drinking water, citing of boreholes, small town water systems and major urban water treatment. Consequently, by the end of 2015, excess of 76 per cent of both rural and urban residents have access to potable water.

Mahama contended that his tenure of office had seen some of the most massive investments in the road sector in the history of the country.

While he completed road projects he inherited, such as the Achimota-Ofankor, Awoshie-Pokuase, Sofoline and Tetteh Quarshie-Adenta, he also commenced and completed the Kwame Nkrumah Interchange, fast-tracked the construction and opening of the Kasoa overhead bridge, completed the Airport Hills/Burma Camp network of roads, as well as the 37-El Wak-Trade Fair road and a host of others.

His trail of achievements are endless. Mahama is just another name for administrative excellence, and Ghanaians are blessed to have him return to complete his second tenure as the landlord of Jubilee House.

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Atiku Slams APC over Inflammatory Remarks Against Peter Obi

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For Vice President Atiku Abubakar has criticized the All Progressives Congress (APC) and its Publicity Secretary, Felix Morka, over what he described as inflammatory remarks directed at Peter Obi, the Labour Party’s presidential candidate in the 2023 election.

Atiku described Morka’s comments as a “disturbing emblem” of the current administration’s strategy to stifle opposition voices.

He also expressed concern over the prolonged detention of Mahdi Shehu, a prominent government critic, and others, suggesting these actions indicate a shift toward authoritarian governance.

“The choice of words used by the APC spokesperson, particularly the ominous suggestion that Obi has ‘crossed the line,’ reveals an alarming disdain for democratic principles,” Atiku said.

“Such language, rooted in hostility, has no place in a free society where civil discourse and engagement should reign supreme.”

Atiku emphasized the vital role of opposition leaders in fostering accountability and improving governance, arguing that a true democracy thrives on a healthy exchange of ideas.

He expressed alarm over Morka’s statement that Obi should “be ready for whatever comes his way,” calling on the APC to clarify this “chilling threat.”

The former Vice President also condemned the APC spokesperson’s framing of Obi’s calls for constructive engagement, likening them to a lawless “Wild West” scenario.

Atiku described this language as crude and unbecoming of a ruling party, urging the APC to issue a formal apology to Obi and the Nigerian public.

In addition to the remarks against Obi, Atiku highlighted the case of Mahdi Shehu, who remains in detention without clear justification.

He argued that the Tinubu administration’s actions are eroding fundamental freedoms and setting a dangerous precedent.

“If there is anyone who has truly ‘crossed the line,’ it is the Tinubu administration, whose continuous vilification of opposition figures as mere irritants to be crushed is a dangerous precedent,” Atiku said.

The PDP candidate called on Nigerians and the international community to demand an end to what he described as “the stifling of dissenting voices”, warning that the survival of Nigeria’s democracy depends on the protection of free speech and opposition rights.

Atiku concluded by urging President Tinubu’s administration to recalibrate its approach to dissent, emphasizing the need for dialogue, engagement, and respect for democratic principles.

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Mahama Takes Oath of Office As Ghana‘s President, Promises Economic Renewal

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We need a reset of faith — in our country, in our institutions, and in ourselves. You are Ghana, I am Ghana – President John Mahama 

John Mahama was inaugurated on Tuesday as president of Ghana after defeating vice president Mahamudu Bawumia in the December elections, vowing to reset the nation’s economy.

Thousands of jubilant citizens dressed in the red, white, green, and black colours of the National Democratic Congress (NDC) thronged Ghana‘s capital Accra to welcome President John Mahama. They waved flags, blew vuvuzelas, and danced to traditional drumbeats.

The colourful ceremony, attended by several African leaders, including Nigerian President Bola Tinubu and Kenyan President William Ruto, was a celebration of democracy and hope for a nation battered by years of economic hardship.

In his inaugural address at the iconic Black Star Square in Accra, Mahama struck an optimistic tone, declaring the day a turning point for Ghana, as it marked the start of his unprecedented second term in office.

“We have endured severe economic hardships, moving from one crisis to another in recent years. But there is hope on the horizon,” he said. “Today marks the beginning of a new opportunity – an opportunity to redefine our governance and economic strategies. Together, we shall reset our beloved nation, Ghana.”

Mahama attributed his 7 December electoral victory, where he decisively defeated Vice President Mahamudu Bawumia, to the youth’s demand for change. He pledged to prioritise inclusivity, accountability, and innovation while focusing on critical areas such as economic restoration, governance reforms, and the fight against corruption.

“Your courage to bring change will not go in vain,” Mahama said. “We will focus our initial efforts on four critical areas: economic restoration and stabilisation of the macroeconomic environment; improvement of the business and investment environment; governance and constitutional reforms; and accountability and the fight against corruption.”

Mahama’s vision includes transforming Ghana into a 24-hour economy, leveraging agriculture and agribusiness to stimulate local industries and create jobs.

“This is a patriotic call to action for all of us to participate in building a nation that lives up to its promise, where hope thrives, and dreams become a reality,” he said.

Economic promises

As the crowd at Black Star Square erupted in cheers, Ghanaians looked forward to a new chapter under Mahama’s leadership. His promises of economic restoration and governance reforms have set high expectations, with the coming months expected to test his ability to deliver on his ambitious agenda.

“I am here because I believe President Mahama will bring real change,” says Priscilla Oforiwaa, 32, a trader from Kumasi who attended the inauguration. “We have suffered for too long, and now is the time for a leader who truly understands our struggles.”

For his part, Andrews Brown, a 25-year-old university graduate who has been unemployed for two years, tells The Africa Report he feels positive about this new era.

“The 24-hour economy he promised gives me hope. We need jobs, innovation, and a leader who listens to the youth. I believe President Mahama can deliver.”

Source: The Africa Report 

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