President John Dramani Mahama, serving as the African Union Champion for African Financial Institutions, has launched the Accra Reset, a transformative framework aiming to revolutionize global development institutions, financing, and partnerships as the Sustainable Development Goals (SDGs) era draws to a close.
The unveiling took place at a high-level side event during the 80th Session of the United Nations General Assembly (UNGA) in New York, drawing heads of state, multilateral leaders, and private sector partners.
Mahama warned that the global development order is on the brink of collapse, citing setbacks from the COVID-19 pandemic, worsening climate shocks driving millions into hunger, and crippling debt burdens that see countries spending more on interest than on health and education. With fewer than half of the 169 SDG targets on track, he called for urgent action beyond “development-as-usual.”
“The world is only five years from 2030. The question is not simply what replaces the SDGs, but how to design institutions and financing systems that actually work,” Mahama stated. “Workability is the name of the game, innovative financing instruments, new business models, and smarter coalitions that multiply resources rather than ration them.”
The Accra Reset is built on three pillars: sovereignty, workability, and shared value. Its first focus will be on health, transitioning from aid dependency to health sovereignty, reflecting commitments made at the Africa Health Sovereignty Summit in Accra earlier this year.
A Club of Accra coalition will pilot innovative financing and investment initiatives in health, climate, food security, and job creation. A Global Presidential Council, featuring leaders from Africa, Asia, Latin America, and beyond, will provide political leadership and accountability, supported by a Global College of Advisors made up of experts in health, finance, innovation, and business.
The initiative received widespread international backing:
Former Nigerian President Olusegun Obasanjo called for a break from aid dependency.
Former UK Prime Minister Gordon Brown endorsed the Reset as “a plan for the future.”
Kenyan President William Ruto emphasized the need for financing national ambitions and accountability for universal health coverage.
Barbados Prime Minister Mia Mottley pledged support for advancing pharmaceutical manufacturing.
Access Bank Chairman Aigboje Aig-Imoukhuede promised robust private-sector engagement.
Dr. Tedros Adhanom Ghebreyesus (WHO) and Dr. Ngozi Okonjo-Iweala (WTO) affirmed institutional support for “rewiring” global norms.
Concluding the event, Mahama recalled the 2001 Monterrey Consensus that sparked initiatives like GAVI and the Global Fund, declaring the need for “a new vision of multilateralism—one that shifts from wish lists to engines of sustainable value creation.”
Source: Apexnewsgh.com
