Akufo-Addo: Empowering women and youth critical for attaining sustainable development

President Akufo-Addo has said empowering women and youth is critical for attaining sustainable development, and inclusive growth on the African continent.

Speaking at the 50 years of the Arab Bank for Economic Development in Africa (BADEA) and the launch of the Arab-Africa Financial Consortium in Accra on Sunday (21 July), Akufo-Addo commended BADEA for supporting various initiatives aimed at empowering women and youth in Africa.

“Empowering women and youth is necessary for attaining sustainable development and inclusive growth, Women and young people are the backbone of our societies, their active participation is crucial for our progress,” the president said.

“It is gratifying to note that BADEA has supported various initiatives aimed at empowering women and youth, from microfinance programmes to entrepreneurship drive,” he added.

“However, there is still a significant gender gap, and high youth unemployment in many of our countries, we must take bold and decisive action to address these issues, this includes promoting gender equality, supporting women-owned businesses and creating opportunities for young people to gain meaningful employment and self-employment,” Akufo-Addo said.

Listen to Nana Akufo-Addo in the attached audio clip below:

About BADEA

BADEA is a financial institution owned by 18 Arab countries members of the League of Arab States (LAS), which signed its establishing agreement on 18 February 1974.

The bank is an independent international institution that enjoys full international legal status and complete autonomy in administrative and financial matters. It is governed by the provisions of its establishing agreement and the principles of international law.

The Arab Co-ordination Group (ACG), an alliance of Arab development institutions established to promote and co-ordinate financial and technical assistance to developing countries, primarily in the Arab world and Africa, is partnering with BADEA to launch the Arab-Africa Financial Consortium (AAFC).

The ACG comprises many key institutions including the Abu Dhabi Fund for Development, the Arab Bank for Economic Development in Africa, the Arab Fund for Economic and Social Development, the Arab Gulf Programme for Development, the Arab Monetary Fund, the Islamic Development Bank, the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development, the Qatar Development Fund and the Saudi Fund for Development.

Reporting by Fred Dzakpata in Accra

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