President John Dramani Mahama has issued a powerful call for a reset of the global financial architecture, arguing that the current system is unjust and perpetuates inequality against Africa and other developing regions.

Speaking at the 80th United Nations General Assembly, President Mahama said the financial system, alongside the Security Council, must be restructured to reflect equity, diversity, and fairness in global decision-making.

“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 declared.

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Mahama stressed that more than three decades after African leaders first demanded permanent representation on the UN Security Council, the continent continues to be sidelined in global governance and finance.

He pressed the General Assembly with the piercing question: “If not now, then when?”

He also linked Africa’s struggles to wider global injustices, including the ongoing blockade of Cuba and the humanitarian crisis in Gaza.

Citing Ghana’s founding president, Dr Kwame Nkrumah, he reminded the world of Africa’s principle of friendship with all, and enmity with none, while urging for solidarity with nations historically aligned with the continent.

Mahama also warned that the erosion of multilateralism, the rise of nationalism, economic instability, and acts of aggression against sovereign nations echo the failures of the League of Nations.

He cautioned that if the global order fails to adapt, it risks sliding back into the very conditions that once plunged the world into large-scale conflict.

“These are dangerous times. The world is facing disinformation, division, and instability. But if the United Nations is to remain the town square of our modern global village, then it must rise to the challenge of fairness, inclusion, and reform,” he said.

President John Dramani Mahama’s address underscored Africa’s frustration with systemic inequities in both finance and international politics, and renewed the continent’s longstanding demand for a seat at the world’s highest tables of power.

SSD/AE

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