According to him, Africa as a continent needs a new financing model that combines private sector funds with more concessional multilateral, bilateral financing and guarantees to achieve the transition to green economies.
He made this known when he participated in a Frontier Markets Fixed Income Conference organised by Investment firm, JP Morgan on Thursday, June 8, 2023.
Mahama joined a panel on 'Burden Sharing: Africa's need for a new development financing framework' with Hassatou Nsele, Vice President for Finance at the AfDB.
He said Africa must have the courage to leverage the maximum financial outcomes from its natural resource endowment to finance the continent’s development.