Mahama Calls for Reset of Global Financial System to Empower Africa at UN Assembly

Ghanaian President John Dramani Mahama has urged for a major overhaul of the global financial system, insisting that Africa needs a stronger voice in the world’s multilateral financial institutions. Speaking at the 80th United Nations General Assembly, Mahama argued that the current global financial architecture is heavily skewed against African nations.

“We demand not only a reform of the Security Council, but also a reset of the global financial architecture, which is currently rigged against Africa. Africa must have a greater say in the world’s multilateral financial institutions,” he said, emphasizing the continent’s need for equitable representation in global decision-making.

Beyond global finance, President Mahama highlighted Ghana’s domestic economic achievements under his administration. He pointed to significant improvements in the country’s economy, including the stabilization of the Ghana cedi, reduced inflation, and increased investor confidence, signaling a turnaround since he assumed office.

“In just eight months, we have brought inflation down from 23.8% in December 2024 to 11.5% in August 2025, restoring price stability for our citizens. The Ghana cedi has strengthened significantly against other currencies, at one point becoming the world’s best-performing currency, according to Bloomberg. Our sovereign credit rating has improved, reflecting rising investor confidence,” Mahama explained.

He also promoted the government’s 24-Hour Economy Initiative as a key strategy to further transform Ghana’s economy. By combining calls for global financial reform with tangible domestic economic progress, Mahama presented a vision that links Africa’s international influence to the continent’s capacity for economic growth.

source: citi newsroom