President John Dramani Mahama has unveiled the Accra Reset Initiative, a bold call to overhaul the global development system and turn today’s crises into “trillion-dollar opportunities” for emerging economies.

Speaking at the UN General Assembly, Mahama warned that the current architecture is broken, with inequality, debt, and climate shocks erasing decades of progress. “Developing countries now spend more on debt service than on health and education combined,” he said, stressing that “the world needs a reset.”

The initiative, born from the Africa Health Sovereignty Summit in Accra, seeks to replace aid dependency with sovereign-led models. Over $1 billion in African financing has already been aligned with the approach.

Mahama outlined three core shifts: adopting a new mindset for an unpredictable era, moving from abstract goals to executable business models, and embracing diverse interests as a basis for cooperation.

He announced plans for a Presidential Council of leaders from Africa, Asia, and Latin America, supported by global experts in health, finance, and innovation.

Positioning the Global South as a driver of solutions, Mahama declared: “Africa’s invitation is to co-create a new operating system for world progress.”

The Accra Reset, he said, is not a rejection of past gains but the next phase of global cooperation—one that sees Africa and emerging economies as equal partners in shaping the future.