Ablakwa calls for fairer credit ratings, debt forgiveness for Africa

Ghana has called for a major overhaul of the global financial architecture, arguing that high borrowing costs and unfavourable sovereign risk assessments place African economies at a disadvantage. The Minister for Foreign Affairs, Mr Samuel Okudzeto Ablakwa, who made the call on Ghana 39;s behalf, said the current system must be reformed to ensure fairer access to financing and sustainable development.