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| Political Map of Africa |
By kwasi Pratt,Jnr
Since 2000, foreign multi-national corporations and their
associates have illicitly siphoned more than US$ 50billion out of Africa every
year.
This adds up to more than US$750 Billion.
Dr Gamel Nasser Adam of the Modern languages Department of
the University of Ghana made this disclosure in a Founder’s Day Lecture he
delivered at the Accra International conference centre.
He gave his source as a United Nations Economic Commission
for Africa Report.
According to him “the exploitation of our continent has
continued to intensify over the decades through the criminal manipulation of
the international trade and accounting systems.”
Dr Nasser said the amount of money or resources siphoned out
of Africa is approximately double the so-called official development assistance
that Africa supposedly receives.
He said “Professor
Akilagpa Sawyer’s work on renegotiation of some mining contracts in Ghana here
is showing the extent of the rape of our natural resources.
“Therefore if African youth are moving to Europe in droves
it is because they have legitimate claims to the wealth there because it is
wealth largely stolen from Africa”.
Editorial
NASSER IS RIGHT
On the front page of this issue we carried the claim by Dr
Gamel Nasser Adam, a lecturer at the University of Ghana that as much as US$750
billion has been siphoned out of Africa to the Colonial metropolis or the
capitalist states.
According to h this was made possible through the criminal
manipulation of International trade and accounting systems.
Another study has also revealed that France alone keeps as
much as US$400 billion belonging to African countries it bits Central accounts.
From French African Colonies deposit an equivalent of 85% of
their annual reserves in Franc to the detriments of their own development.
After these
disclosures do we need to look elsewhere for clues to why African states remain
in their current state of under development?
Africa has enough resources to power its own development efforts
without the so-called donor support from the Western countries.
The task ahead is about how to end the pillage of African
resources by the predatory forces from the West and exploit our own resources
for our own benefit
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