Finance: President of the African Development Bank to visit Ghana for cooperation talks

The president of AfDB is expected to meet the Ghanaian president as well as other stakeholders.

The president of the African Development Bank (AfDB) Akinwumi Adesina is set to visit Ghana from August 1st -4th as part of an effort to strengthen cooperation between the country and the financial institution.

The president of AfDB is expected to meet the Ghanaian president as well as other stakeholders.

During his visit, Adesina would see key projects financed by AfDB in Ghana.

AfDB’s portfolio in Ghana as at June 2017 is composed of 22 operations with an overall commitment of about $950 million.

The Bank is finalizing a new Country Strategy Paper (CSP) for Ghana for the period 2017-2021.

This development is expected to transform Ghana's economy through three of AfDB’s High 5s (Light Up and Power Africa, Industrialize Africa and Feed Africa).

The Bank aims at accelerating Africa’s economic transformation with the High 5s.

3rd Quarter of 2017 will see the strategy being drafted.

The contribution of the Bank to Ghana's economy has been phenomenal particularly in the country's transportation sector.

The transport sector is the second largest share of the country’s portfolio (26%).

Since 1981, the Bank has financed 10 road projects, 1 railway project, 4 road studies, and 1 multinational project in addition to supplementary loans totalling close to $359 million.

The president of AfDB is expected to meet the Ghanaian president as well as other stakeholders. Read Full Story