As a national leader, former President John Dramani Mahama has said he recognizes that Africa’s public sector needs more job creation opportunities.
“We must therefore create opportunities for the private sector to thrive and employ more,” he said at the Korea-Africa Business Summit 2023.
“Can we create these conditions for a renewed partnership between Korea and Africa? Yes, we can! And we must!” he stated in his keynote address.
“Our young people must see a much brighter future ahead, and they are willing to put in the shift to make it a reality, he further stated.
Mr Mahama also said Korea can help Africa nudge its young innovators and entrepreneurs to realize their dreams and extricate themselves from the unemployment trap.
Latent talent and skills are abundant in our young people. There are many who, despite the
lamentable situation, come through with impressive feats and achievements. These point to
untapped potential, which it must be our duty as leaders to unlock and unleash, he stressed.
“We in Africa must engage Korea from all angles so that we can offer hope to our young people by having them learn from the shining examples that the Korean turn-around story provides.
“Korea can also leverage its unique advancements to partner with Ghana and Africa to build
smart cities, develop social housing, and provide opportunities for collaborative payment
platforms, Artificial Intelligence, and robotic platforms.
“This can only be done with fundamental shifts in how African economies function and run.
Sound economic management, founded on broad and far-reaching governance and economic reforms, must take root in African countries. Monetary policy should be geared towards sustainable growth, and this should come with equitable distribution of the proceeds of that growth.”