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).
This guy is the only politician along with Ina Warancade in Somaliland that I admire. I think if this guy, Ina Warancade, Sheikh Sharif, Abdirashid Omar Sharmarke and Farole were the leaders for Somali people, Somalis would be living in prosperous nation, I really think so.
This guy single handly created party systems in Somaliland, he is a reformist, he is a new school of thought, he broke the qabil or so called 4.5 system in Somaliland.
My hat is off to you Mr Faisal, even though UCID party is the smallest party in Somaliland, it is the only party with a leader of quality, quality over quantity.
i agree with you yonis this guy should be somalilands next president. for real, riyale needs to go!
I couldnt agree more…
he is honest…and says what is on his mind.. now.."Honest" has lost meaning , and its a Rare commodity in Politics..especialy in SL Politics,
the SAD reality is..that Our people (Voters) dont like Honest and people with fresh Ideas and approach,
they rather vote for someone who is old, Tribalist, Liar, Corrupted, uneducated, have dark background, and most importantly unreligious.. pretty SAD..but true..
I agree with yonis but why our people are blind to see the reallity or what is good for them..what is the somaliland goverment done for their people..nothing..nothing..
Peace..what peace people wants the peace what else….I think anyone else will make the differences not the current president …give Faysal or Silaanyo and a chance….
Education need to be improved, Health need to be improve…Transport and roads.. and reduce this khat making everyone…
Overall i respect somaliland …but it is time for change with fresh mind….
Faysal Cali Waraabe Wuxuu Ahaa Ninkii Gaani Xamar Ka Soo Kaxaystey Si Uu Dhalinyaradii UFO Ugu Maragfuro
All are the same ya yonis.. useless & money seekers only.
No one respects the constitution and the law in Somaliland and the president is the worst offender. The courts are corrupt, the police forces are corrupt, the parliament is corrupt, the elders are corrupt, the political parties are corrupt, the government is corrupt, and the election commission is corrupt. But the saddest thing is, most of the voters have no fear of God, no understanding of the democratic processes and are awfully tribalistic. I despair for Somaliland.
My man Faysal is an ultra Somaliland nationalist, he got my vote after Muj Siilanyo
Faysal is a Somaliland nationalist, he got my vote him and Mujaahid Silanyo
Fayal warabe is ethiopian puppet himself, have u guys even seen his comments regarding streghtening relations with ethiopia. If this guy gets in office he probably will make somaliland kilinka 6aad of ethiopia. Silanyo is the best choice for somaliland.
But we shouldnt be bothering about talking about warabe or silanyo as of yet, we need to hold an election first which seems like it is not going to happen and even if it does i am certain it will be corrupt election like the one that happened in iran.
So the last thing we should be talking about is warabe and silanyo
It is very sad indeed that all our leaders are corrupt! no one will be different than others. I guess election or no election we are going to be same corrupt nation. there should be something done, unless otherwise we heading for unknown. I cry for somaliland.