Africa hemorrhages a staggering $580 billion each year due to corruption and illicit capital flight, the African Development Bank (AfDB) has revealed. This bleeding of resources is eroding economic stability, hampering infrastructure development, and exacerbating a mounting debt crisis—an alarm sounded by AfDB President Akinwumi Adesina in a recent Bloomberg interview.
Trending
- GRA Targets GH¢47m in Unpaid Taxes: Graphic, GIHOC, TOR Named in Auditor-General’s Report
- What Has Changed? Why Now?” – Bawumia Slams Tribal, Religious Attacks Against Him: “I Was Never a Mamprusi or Northerner When I Fought for Power! “
- Ashanti REGSEC Tightens Security in Asawase After Deadly Attacks
- Africa Loses $580 Billion Annually: AfDB Warns Corruption Must Stop to Save the Continent from a $2 Trillion Debt Trap
- Ghana Commissions $3.5 Million Fertiliser Plant to Boost Agriculture Productivity
- Galamsey Crisis: After Obuasi Helicopter Crash Tragedy, Government Considers Repeal of LI 2462 in Renewed Fight Against Illegal Mining
- How a 16th-Century Mercator Map Distorted Africa—and Why the AU’s New Campaign Demands a Redraw
- Mysterious Disappearances Rock Nsawam Prisons Again: Two Officers Reported Missing
