Business

Mahama launches ‘Accra Reset’ to overhaul global development

By Joseph Marfo

Copyright oyerepafmonline

Mahama launches ‘Accra Reset’ to overhaul global development

President John Dramani Mahama has launched ‘Accra Reset’, a new framework aimed at reshaping the way global development is financed and implemented.
The initiative was unveiled at a high-level side event during the 80th Session of the United Nations General Assembly in New York.
Mahama, who also serves as the African Union Champion for African Financial Institutions, described the framework as a timely response to a weakening global development system strained by pandemics, debt crises, and climate shocks.
“The world is only five years from 2030,” he said. “The question is not simply what new targets should replace the SDGs, but how we design institutions and financing systems that actually work.
“Workability is the name of the game now, innovative financing instruments, new business models and smarter coalitions that multiply resources rather than ration them.”
The Accra Reset proposes a new development model anchored on sovereignty, workability, and shared value, with the health sector as the starting point. It builds on the Africa Health
Sovereignty Summit held in Accra in August 2025, aiming to shift nations from aid dependency to self-sustaining health systems.
To drive implementation, a Club of Accra coalition will pioneer financing innovations and investment platforms in health, climate, food security, and job creation.
A Global Presidential Council will provide political leadership, while a Global College of Advisors composed of experts in health, finance, and business will guide pilot projects.
Global figures including Olusegun Obasanjo, Gordon Brown, Mia Mottley, and Aigboje Aig-Imoukhuede voiced support, stressing the need for solidarity, accountability, and strong private sector involvement.
Leaders from the WHO and WTO also backed the initiative’s call to “rewire” outdated development frameworks.