Bank commits to supporting Ghana's 24-hour Economy initiative, infrastructure, Public-Private Partnership development, and domestic capital mobilization under President Mahama's administration
ACCRA, Ghana, June 17, 2025/APO Group/ --
Representatives of the African Development Bank Group (www.AfDB.org) have concluded a week-long high-level mission to Ghana, marking the institution's first major engagement with the country's new administration under President John Dramani Mahama.
The delegation, led by Solomon Quaynor, the Bank Group’s Vice President for Private Sector, Infrastructure, and Industrialization, conducted extensive consultations with key government ministries, public agencies, and private sector stakeholders, to align the Bank's support with Ghana's transformational development priorities.
The agencies included the ministries of Roads and Highways; Communication, Digital Technology and Innovation; the Bank of Ghana; Volta River Authority; Ghana Ports and Harbors Authority; Ghana Infrastructure Investment Fund (“GIIF”); National Pensions Regulatory Authority; National Insurance Commission, Securities Exchange Commission, Ghana Stock Exchange, Ghana Export-Import Bank, Pension Corporate Trustees and Fund Managers, and various private sector companies.
The delegation also cohosted a successful one-day roundtable discussion on "Unlocking Long-term Local Currency Finance for Infrastructure Development in Ghana," jointly organized with GIIF, the Private Infrastructure Development Group (PIDG), InfraCredit, Stanbic Bank, and PetraTrust, an event that laid the foundation for domestic capital mobilization initiatives.
At the conclusion of the mission, the Bank identified five core areas for follow-up collaboration:
- Mobilizing Domestic Capital for Infrastructure Development
The Bank will work with partners to establish a credit enhancement and de-risking facility to unlock part of Ghana's USD 5.2 billion cedis equivalent in pension assets for infrastructure investment. Drawing on successful models implemented through InfraCredit in Nigeria and Dhamana in Kenya and East Africa, the initiative aims to make local infrastructure, industrial, affordable housing and public-private partnerships assets attractive to institutional investors.
- Supporting the 24-Hour Economy Initiative
The Bank expressed strong enthusiasm for Ghana's 24-Hour Economy concept, committing to provide comprehensive project preparation support, knowledge sharing on industrial parks development, and downstream financing solutions. Key focus areas include integrated industrial parks for textiles, garments, agro-processing and light manufacturing, and lake transport infrastructure all captured under the Volta Economic Corridor.
- Advancing Transport Infrastructure Development
Leveraging its continental expertise, the Bank will support Ghana's 'Big Push' infrastructure initiative through partnerships with the Ministry of Roads and Highways, Ghana Ports and Harbors Authority, and the PPP Unit at the Ministry of Finance.
- Strengthening Digital Transformation Foundation
Collaborating with the Ministry of Communication, Digital Technology and Innovation, the Bank will support critical policy and legislative reviews focusing on data harmonization, data governance, and cybersecurity enhancement to establish a robust foundation for Ghana's digital transformation.
- Unlocking Private Sector Investment Opportunities
The mission identified numerous investment opportunities across logistics, agriculture, agro-processing, energy, and other critical sectors, emphasizing the private sector's fundamental role in sustainable and inclusive economic growth.
Quaynor highlighted the success of the mission. "The enthusiasm, vision, and commitment we have witnessed this week from Ghana's leadership and stakeholders give us great confidence in the transformational impact we can achieve together."
He emphasized that all identified areas will be actively pursued, with the Bank firmly committed to working with all stakeholders to drive sustainable economic growth and development for Ghana, noting that the alignment between the government's priorities and the Bank's strategic capabilities creates an unprecedented opportunity for meaningful collaboration and impact.
The mission concluded with firm commitments for follow-up action across all identified areas, emphasizing the Bank’s dedication to forging concrete partnerships that deliver tangible results for Ghana's economic transformation and improved livelihoods for its people.
Other members of the Bank's delegation were Eyerusalem Fasika, Country Manager for Ghana; Mike Salawou, Director of Infrastructure and Urban Development; Ousmane Fall, Director of Private Sector and Industrial and Trade Development; Akane Zoukpo Sanankoua, Manager, Capital Markets Development; Aude Apetey-Kacou, Regional NSO Lead, West Africa; Dennis Ansah, Regional NSO Lead, Nigeria and Dovi Amouzou, Advisor to the Vice President.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Somaliland has been a peaceful country for the last 20 years look where that got us so far no recognition and worst the international community only cares about chaotic Somalia. Thw world enjoys the horor show when people kill each other die of hunger and natural disasters like in Haiti that is the only time the world gives a damn about a small country somehwere in Africa. For the world to notice Somaliland the Somalilanders need to do drastic things to be noticed, like invade Somalia and take over the whole hell hole and force them to recognise Somaliland that I believe is the only solution left since thus far all what the world gave SL is a deaf ear
Elmi get real brother, use common sense..I feel your pain, but you don't right wrong with wrong. We dont want to harm our brothers in order to achieve some thing we can achieve through negotiotion and patience. God is our witness and the Almight will eventually reward us, so long as we do the right thing as we have done for so long. peace and perceverence
To Elmi :
as someone who waits the moment the international community act differenty on the Legitimate Quest for Somaliland, but in the meantime I dont loose hope thats why we been patient over 20 years so now its the time for bickering and loosing hope, so yes we suffered from the South too much that we all remember but we will not resemble them by any means, it's not me who saying that but Ibrahim Egal that has spoke about the Mentality of the Somaliland people are different, and deserves to be the best to represent the African History.
The only reason that Somaliland is at peace is because of its people the political classes are leaches , they work not for the people but for the businessmen who create no wealth no jobs but take what little is sent by the Diaspora and remove it from circulation and into the buckets of fake medicine and good manufacturers, having said that not everyone is leaches and there are those who are trying hard but saying Somaliland had establish credible political institutions is misconceived just because we are more fortunate then Somalia (thanks to all) and there is less foreign interference coupled with working traditional Somali conflict resolution which is based in the clan system which unfortunately was destroyed in the south by the Italian colony does not mean we are any different. Let hope they will also learn to live in peace together because if your neighbour’s house is on fire there is a likely hood that your house might catch fire