Source: African Development Bank Group (AfDB) |

The African Development Bank launches research project on grain quality grading and certification in Ghana

The project examines whether the proper grading and certification of grains in sub-Saharan African countries could be leveraged to promote investments in grain quality enhancement

The African Development Bank (www.afdb.org/) has launched a three-year research and outreach initiative in Ghana to enhance the cereal value chain development in the country. The Grain Quality Grading and Certification Project is being implemented by the Microeconomics, Institutional and Development Impact Division of the African Development Bank, in partnership…

Source: African Development Bank Group (AfDB) |

Ghana: African Development Bank approves $23.04 million for modern Floating Dock Facility

The Board also authorized the syndication, on a “best efforts basis”, of additional financing of up to $11 million

The Board of Directors of the African Development Bank (http://www.AfDB.org) has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction of a modern floating dock ship repair facility in Ghana’s western Takoradi port. The loan will support the company…

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    • L-R: AfDB Executive Director Rufus Darkortey; Seedy Keita, Finance Minister and AfDB Governor for The Gambia; Mohammed Amin Adam, Minister of State, Ministry of Finance and Economic Planning, Ghana; Augustus Flomo, Deputy Minister for Economic Management, Liberia; Bockarie Kalokoh, Deputy Minister of Finance, Sierra Leone; and Muhammad Bashar Muhammad, Undersecretary of Economic Planning, Sudan
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Source: African Development Bank Group (AfDB) |

Five African Development Bank (AfDB) regional member countries set to join African Development Fund replenishment

The Gambia, Ghana, Liberia, Sierra Leone and Sudan plan to contribute $1 million each to ADF’s next replenishment cycle

Five African Development Bank (www.AfDB.org) Governors have signed an agreement committing to contribute at least $1 million to the replenishment of the African Development Fund (ADF), the concessional window of the Bank Group. Under the self-initiated agreement, the five-member constituency—The Gambia, Ghana, Liberia, Sierra Leone, and Sudan—will contribute to the…

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    • African Development Bank approves $28.49 million to enhance Ghana's universal electrification goal
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Source: African Development Bank Group (AfDB) |

African Development Bank approves $28.49 million grant to enhance Ghana’s universal electrification goal

With the latest Board approval of $28.49 million, the project’s total cost of $85.18 million is in the coffers

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a grant of $28.49 million for Ghana to construct renewable energy infrastructure that will increase its renewable energy use by 10% through 2030.  The financing, which will come from the Climate Investment Funds (CIF) (https://apo-opa.info/40Cg91m) – Scaling Up…

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    • Seedlings under sustainable cultivation in Ghana for use in the production of biomass fuel
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Source: African Development Bank Group (AfDB) |

African Development Bank's Sustainable Energy Africa Fund for Africa approves $1 million reimbursable grant to develop bioenergy plants in Ghana and Sierra Leone

The reimbursable grant will strengthen the project’s bankability by supporting technical feasibility studies and regulatory structuring

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/37jYAtS) has approved a reimbursable grant of $1 million to NewAfrica Impact Ltd (http://www.NewAfricaImpact.com) to prepare two bioenergy plants in Sierra Leone and Ghana that will each output 5 megawatts of electricity and 11 megawatts of heat. The reimbursable grant will strengthen the project’s…

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    • Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP)
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Source: African Development Bank Group (AfDB) |

Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP)

The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth

The Board of Directors of the African Development (https://www.AfDB.org) Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region. The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women…

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    • African Development Fund Approves $11 Million Grant to the African Continental Free Trade Area Secretariat
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Source: African Development Bank Group (AfDB) |

African Development Fund Approves $11 Million Grant to the African Continental Free Trade Area Secretariat

This second phase of support continues to aim to encourage sustainable intra-African trade

The Board of Directors of the African Development Fund approved an $11.02 million support package to the Permanent Secretariat of the African Continental Free Trade Area (AfCFTA) to help it enhance effective implementation. The AfCFTA Secretariat opened its doors in Accra on 17 August 2020, with initial support of $5 million to…

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    • A vast maize field under cultivation in northern Ghana as part of the Bank’s intervention to boost food production
    • Ghana’s four-tier Pokuase road interchange, the first of its kind in West Africa. Financed from African Development Fund resources, the edifice has helped ease mobility, reduced accidents and spurred trade
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Source: African Development Bank Group (AfDB) |

Ghana: Economy Shows Signs of Rebound, But COVID-19 and the Ukraine-Russia Crisis will Test Resilience and Inclusivity -- Report

‘Transforming Ghana,’ reviews the country’s development over the past ten years (2012–2021) and evaluates the African Development Bank’s contribution through its High 5 strategic priorities

Ghana has enjoyed two decades of steady growth, but the impact of the Covid-19 pandemic and the Ukraine-Russia crisis could dent economic prospects, according to an African Development Bank (www.AfDB.org) report launched on Thursday. The 52-page report, titled ‘Transforming Ghana,’ reviews the country’s development over the past ten years (2012–2021)…

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    • The Africa Fertilizer Financing Mechanism of the African Development Bank is extending a $2 million partial trade credit guarantee to support fertilizer delivery to 200,000 Ghanaian smallholder farmers
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Source: African Development Bank Group (AfDB) |

Ghana: Africa Fertilizer Financing Mechanism Extends $2M to ETG Inputs Ghana Limited to Boost Farmers’ Access to Fertilizers

ETG Inputs Ghana Limited, a subsidiary of agricultural conglomerate ETG, will enable delivery of 10,000 metric tons of fertilizer to wholesalers

The Africa Fertilizer Financing Mechanism (AFFM) will extend a $2 million partial trade credit guarantee to ETG Inputs Ghana Limited to support delivery of fertilizer to 200,000 smallholder farmers in Ghana’s Upper East, Savannah, Northeast, and Northern Regions. The move will ease the current shortages in supply and boost yields,…

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    • Ghana signs grant agreement with African Development Fund, government of Switzerland, to support development of mini-grids and solar PV net metering
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Source: African Development Bank Group (AfDB) |

Ghana signs grant agreement with African Development Fund, government of Switzerland, to support development of mini-grids and solar PV net metering

The agreements, for the development of 35 mini-grids and stand-alone solar PV systems, were signed on Wednesday 25 May at a short ceremony held on the sidelines of the African Development Bank Group’s 2022 Annual Meetings

The government of Ghana has signed a grant agreement with the African Development Fund, and a financing agreement with the government of Switzerland, for the Ghana Mini Grid and Solar Photovoltaic Net Metering project. The project will benefit schools, health centres and communities across the country. The agreements, for the…