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African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina enquires about preparations for the Annual Meetings
    • African Development Bank President Akinwumi Adesina (center) inspects the ultramodern Pokuase four-tier road interchange in Accra with Ghana’s Minister for Roads and Highways, Kwasi Amoako-Attah (left)
    • African Development Bank President Akinwumi Adesina discussed Annual Meetings preparations with Ghana's Finance Minister Kenneth Ofori-Atta
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Source: African Development Bank Group (AfDB) |

Ghana’s President Strongly Supports African Development Bank’s Quest for More Resources to Accelerate Continent’s Transformation Agenda

The Bank Group’s active portfolio in Ghana is made up of 18 operations worth a total commitment of $751.5 million across various sectors

Ghana’s President Nana Akufo-Addo has backed calls for more resources for the African Development Bank Group (www.AfDB.org) to accelerate its transformative role across the continent. President Akufo-Addo received the African Development Bank Group president, Dr. Akinwumi Adesina, at State House in Accra on Wednesday. President Akufo-Addo expressed strong support for…

African Development Bank Group (AfDB)

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    • Ghana’s Finance Minister Kenneth Ofori-Atta, current chair of the African Development Bank Group’s Board of Governors, speaking Thursday ahead of the Bank Group’s 2022 Annual Meetings, being held in Accra from 23-27 May. (Photo credit: AfDB 12/05/22)
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Source: African Development Bank Group (AfDB) |

African Development Bank Annual Meetings 2022: Time to tackle triple crises of food, energy and finances, says Ghanaian Finance Minister

41 African economies face dreaded three f’s: food, fuel and finance conditions – Ghanaian Finance Minister Ken Ofori-Atta

Ghanaian Finance Minister Ken Ofori-Atta on Thursday emphasized the nation’s partnership with the African Development Bank (www.AfDB.org) in its development as he addressed journalists at a press conference to publicize the institution’s upcoming annual meetings. Ofori-Atta described the meetings as seminal, in the context of a world seeking to rebalance…

African Development Bank Group (AfDB)

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    • African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana
    • African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana (FR)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana

The physical sessions will take place at the Accra International Conference Centre

Ghana will host the African Development Bank Group’s 2022 Annual Meetings (AM.AfDB.org) from 23-27 May in its capital, Accra. This year’s meetings mark a return to in-person sessions following virtual meetings over the last two years. They will be held in a hybrid format with participants present in Accra and online.…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Ghana: Report warns that climate risks could cost Ghana’s transport sector $3.9 billion, but roadmap offers hope

The potential damage of $3.9 billion is thrice the investment of $1.3 billion made in the sector in 2019, according to the study

A new report (https://bit.ly/3IGhhrt) estimates that by 2050 climate risks could cause damage worth $3.9 billion in Ghana’s transport sector. But the report also offers a roadmap that could prevent the worst from happening. It also highlights extensive efforts by the government to counter climate risks. The potential damage of…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Fund extends $27.39 million grant to support development of mini grid and solar PV net metering in Ghana

The project has leveraged co-financing from the Scaling Up Renewable Energy Program

The Board of Directors of the African Development Fund has approved a $27.39 million grant to Ghana for the development of renewable energy investments in the mini grid and net metering space.  The project involves the development of 35 mini grids, standalone solar photovoltaic systems in 400 schools, 200 units…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Ghana: African Development Bank extends $75 million loan to Ghana Infrastructure Investment Fund for portfolio expansion

The African Development Bank’s support aligns with Ghana’s Coordinated Programme of Economic and Social Development Policies 2017-2024 and Medium-Term National Development Policy Framework

The African Development Bank (www.AfDB.org)’s Board of Directors has officially approved a  $75 million commercial loan to the Ghana Infrastructure Investment Fund (GIIF). The African Development Bank’s loan will enable the Ghanaian state-owned GIIF to efficiently leverage its paid-in equity capital of $325 million to secure additional debt resources to…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Ghana: African Development Bank Supports Efforts to Improve Domestic Resource Mobilization, Debt Management Capacity

The project complements current efforts to strengthen domestic resource mobilization in Ghana

The African Development Bank Group (www.AFDB.org/en) and the Ministry of Finance in Ghana have launched a $7.4 million Institutional Support Project to strengthen domestic revenue mobilization. The launch follows the signing of grant and loan agreements and the first disbursement of project funds. This will facilitate prudent debt management, deepen…

African Development Bank Group (AfDB)

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    • Pokuase interchange opening
    • Ghana: African Development Bank Group-financed road interchange opens, trade and incomes expected up (1)
    • Ghana: African Development Bank Group-financed road interchange opens, trade and incomes expected up (2)
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Source: African Development Bank Group (AfDB) |

Ghana: African Development Bank Group-financed road interchange opens, trade and incomes expected up

The four-tier interchange — the first of its type in West Africa—and a 10-km road network linking it to adjoining arterial roads, form part of the Accra Urban Transport Project

A jumbo road interchange financed by the African Development Bank Group (www.AfDB.org) has opened in the Ghanaian capital, Accra, amid hopes the new infrastructure will help reduce road fatalities, ease mobility and spur trade within Ghana as well as with its neighbors. Ghana’s President Nana Akufo-Addo commissioned the Pokuase Interchange…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank scoping study identifies opportunities for private sector participation in Africa’s climate agenda

The study was produced in partnership with the Fund for African Private Sector Assistance and launched during a virtual African Development Bank webinar held on 1 July 2021

A recently published African Development Bank (www.AfDB.org) scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation. The study, NDC implementation in Africa through green investments by private sector - A Scoping Study, was…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

The Green Climate Fund approves $170.9m in co-financing for African Development Bank’s Leveraging Energy Access Finance Framework (LEAF) program

LEAF aims to unlock commercial and local-currency financing for decentralized renewable energy (DRE) projects in six program countries

The Board of the Green Climate Fund (GCF) (www.GreenClimate.Fund) has approved $170.9 million in financing for the African Development Bank’s (www.AfDB.org) Leveraging Energy Access Finance Framework (LEAF) program. LEAF aims to unlock commercial and local-currency financing for decentralized renewable energy (DRE)  projects in six program countries: Ghana, Guinea, Ethiopia, Kenya, Nigeria…