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African Development Bank Group (AfDB)

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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…

African Development Bank Group (AfDB)

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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…

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    • African Development Bank Group Annual Meetings 2022: Harness the collective institutional financial strength of Africa to meet development needs and fight climate change, Ghana says
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Annual Meetings 2022: Harness the collective institutional financial strength of Africa to meet development needs and fight climate change, Ghana says

Harness the collective institutional strengths of Africa for sustained transformation - President Nana Dankwa Akufo-Addo

The African Development Bank Group (www.AfDB.org)’s annual meetings officially opened on Tuesday with a ringing endorsement of the institution by the Ghanaian government and a call on member countries to back the institution as the main engine for the continent’s economic growth. Accra is host of the group’s annual gathering,…

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…

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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…

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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…