President Mahama Launches ‘Accra Reset’ to Transform Global Development Financing
Ghana’s President, John Dramani Mahama, has unveiled the Accra Reset, a bold new framework designed to overhaul global development financing and partnerships. The launch took place in New York as part of a high-level side event during the 80th Session of the United Nations General Assembly.
Serving as the African Union Champion for African Financial Institutions, President Mahama described the initiative as a direct response to what he called a “fraying” global development architecture, citing the COVID-19 pandemic’s reversal of decades of progress, rising debt burdens, and intensifying climate shocks that threaten more than 700 million people with hunger.
“The world is only five years from 2030,” Mahama stressed. “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.”
Building on Past Global Agreements
Drawing on the 2001 Monterrey Consensus, which birthed global health financing platforms like GAVI and the Global Fund, Mahama called for an equally ambitious rethinking of multilateralism—one focused on sustainability and value creation rather than aspirational goals.
The Accra Reset rests on three key principles: sovereignty, workability, and shared value. Its proof of concept will be the health sector, with a push to transition from aid dependency to health sovereignty, following commitments made during the Africa Health Sovereignty Summit in Accra in August 2025.
Operational Framework: Club of Accra & Global Leadership Councils
To bring the Reset to life, a coalition known as the Club of Accra will pilot financing innovations and create “geostrategic dealrooms” to drive investment in health, climate, food security, and jobs.
Key structural announcements included:
- The creation of a Global Presidential Council uniting leaders from Africa, Asia, Latin America, and beyond to ensure accountability and political leadership.
- The formation of a Global College of Advisors, composed of top experts in finance, health, innovation, and business, to guide pilot projects and financing strategies.
Broad Support from Global Leaders
The launch attracted wide support from political, institutional, and private sector leaders:
- Olusegun Obasanjo, former Nigerian President and Co-Patron of AfroChampions, urged a break from aid dependency.
- Gordon Brown, former UK Prime Minister, hailed it as “a plan for the future” with health sovereignty at its core.
- President William Ruto of Kenya, in a speech delivered on his behalf, called for financing that aligns with national ambitions and pressed for accountability in achieving universal health coverage.
- Prime Minister Mia Mottley of Barbados pledged to align skills and industrial policies to strengthen pharmaceutical manufacturing in the Global South.
- Aigboje Aig-Imoukhuede, Chairman of Access Bank, committed strong private sector leadership and financing.
- Dr Tedros Adhanom Ghebreyesus (WHO) and Dr Ngozi Okonjo-Iweala (WTO) both endorsed the initiative, stressing the urgent need to “rewire” outdated global norms.
A Blueprint Beyond the SDGs
With less than half of the 169 SDG targets on track as 2030 approaches, the Accra Reset is being positioned as a blueprint for realigning the global agenda with present-day challenges. By embedding sovereignty, practicality, and shared value into its design, the Reset aims to shift international cooperation from aspirations to action.
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