‘No One Can Develop Africa But Africans’: Economist on Power of Locally Managed Wealth

Africa’s growing control over its own financial resources is reshaping long-held assumptions about power, dependency, and development. As institutions across the continent manage more capital at home, the conversation is shifting from how much Africa has to who decides how that wealth is used, protected, and invested for the future. This shift was at the center of a recent conversation with a Ghanian economist, Professor Evans Akwasi Gyasi, who reflected on what it means for African countries to locally manage close to a trillion dollars in assets. Beyond the figures, the discussion focused on sovereignty, institutional maturity, and the long-term implications of Africans exercising greater authority over their own economic direction.