Honest Accounts: How the West is stealing Africa’s wealth

Join Ghanaian economist Gyekye Tanoh at the African Arts Centre for an honest, inside view of the ways Africa continues to be exploited by a rigged global economic system.

Honest Accounts: How the West is stealing Africa’s wealth

About Honest Accounts: How the West is stealing Africa’s wealth

Join Ghanaian economist Gyekye Tanoh for an honest, inside view of the ways Africa continues to be exploited and robbed by a global economic system rigged in favour of the rich, and with barely disguised continuing colonialism. In collaboration with Global Justice Now, he will address the injustice baked into aid, trade and climate justice policies, and their impact on the African continent – and discuss how an independent Scotland could do things differently.

The dominant narrative in Western societies is that Africa is poor and needs our help.
But actually Africa is rich – in mineral wealth, skilled workers, booming new businesses and biodiversity. Its people should thrive, its economies prosper. Yet many people living in Africa’s 47 countries remain trapped in poverty.
Overseas development aid casts Western countries in the role of benevolent benefactors, giving their wealth to poor countries. But exactly the opposite is true.
Multi-national companies take profits out of the African continent back to their home countries and avoid paying tax, raw materials are extracted and exported, and the costs of debt on loans far outweigh the amount of money going to Africa as aid.
Climate change, disproportionately caused by the rich, has its biggest economic and human cost in the global South.
Add to this the UK government’s use of its aid money to export its model of economic development that favours the private sector and profit over the needs of people and the environment, and it becomes clear why so many Africans remain trapped in poverty.

Gyekye Tanoh is the head of the Political Economy Unit at the Third World Network-Africa, conducting research and advocacy on globalization, trade and development. He is a regular contributor to African Trade Agenda and a number of other publications on a wide-range of subjects considering impacts of globalization issues in Africa. He is also deputy National Coordinator of the Ghana Coalition Against Privatization.

While we take every opportunity to ensure the details for Honest Accounts: How the West is stealing Africa’s wealth are accurate, we always advise that you contact the event organiser before setting out for the event to avoid disapointment.

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