President John Dramani Mahama has called on African countries to move away from longstanding dependence on foreign aid and raw material extraction, urging global partners to pursue investment arrangements that deliver lasting benefits to both sides.
He said Africa must shift towards partnerships that promote industrialisation, economic independence and sustainable commercial relationships rather than remain dependent on external assistance and the export of unprocessed resources.
Speaking at the 3rd Russia–Africa Summit in Moscow, President Mahama said African leaders were committed to removing administrative barriers that prevent international goodwill from translating into meaningful economic partnerships.
“Our goal as Africa’s current leaders is to eliminate administrative bottlenecks and transform historic goodwill into robust, sustainable commercial ties,” he said.
He stressed that the continent had considerable investment potential and should be positioned to benefit more directly from its economic opportunities.
“Africa is a continent of the future. Immense opportunities abound for mutual investment between African and Russian enterprises, particularly in agriculture, agro-processing, healthcare, energy security, and digital services,” he stated.
The President’s remarks form part of wider discussions at the summit on strengthening economic relations between Russia and African countries.
The meeting brings together African leaders and Russian officials to explore cooperation in areas including trade, investment, energy, agriculture and technology.
President Mahama’s call also comes as Ghana seeks to diversify its international trade and attract investment into productive sectors of the economy.
He urged partners to move beyond traditional relationships and embrace arrangements that support shared economic growth and long-term development.
