The University of Professional Studies, Accra (UPSA) recently hosted its 2025 annual leadership lecture series at the university’s auditorium in Accra. The event was attended by prominent figures from academia, government, and the clergy, with former President John Agyekum Kufuor and former South African President Jacob Zuma among the distinguished guests.
The theme of the lecture was “The geopolitics and geo-economics of de-dollarisation: BRICS currency strategy, lessons for Africa’s common currency and beyond.” This thought-provoking topic provided a platform for attendees to engage in discussions and pose questions to the keynote speaker.
During his address, former President Zuma emphasized the importance of a unified African currency. He highlighted the benefits of such a currency, including enhanced intra-African trade, reduced transaction costs, and increased economic resilience. Zuma passionately argued that Africa’s reliance on foreign currencies, particularly the US dollar, perpetuates a system of economic dependency rooted in colonial history. He proposed the establishment of an African-owned trading platform to promote intra-continental commerce and reduce dependence on external financial systems. This initiative, he believes, would prioritize African goods and services, foster self-reliance, and protect the continent from external economic shocks.
The lecture shed light on Africa’s economic future and its pursuit of financial sovereignty. By advocating for a unified currency and African-owned trading platforms, Zuma’s proposals aim to reduce the continent’s reliance on external economic systems and promote economic integration. The African Continental Free Trade Area (AfCFTA), launched in 2021, is seen as a crucial step towards achieving this goal.
The event also saw the presence of notable personalities such as the Minister of Education, Haruna Iddrisu, former Interior Minister Kan Dapaah, Presidential Envoy for Interfaith and Ecumenical Relations Elvis Afriyieh Ankrah, and Zenith Bank Managing Director Chinedu Onwuzurigbo. The opening remarks were delivered by the Vice Chancellor of the University, Prof. John Kwaku Mensah Mawutor.
The lecture sparked important conversations about Africa’s economic future and the continent’s quest for financial independence. By exploring the potential of a unified currency and African-owned trading platforms, the event highlighted the importance of economic self-reliance and integration for Africa’s development.
