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).
Wonderful step. Hope all goes well.
Same old lies. If one wants to strengthen ties with UAE, he doesn't go to Dubai but Abu Dhabi. Same old habro lies…nothing new. They being telling the same lies for 21 years and nothing.
Let's pretend like they telling each others the truth, so when will you open an "embassy" in Dubai? opps…Abu Dhabi? Oh you never got invited to the government seat, you just went to Dubai like all livestock and dirah traders….no big deal.
Boring boring Kayse
lol you are a legend!keep it up!
I know how to punish those few tribal separatists. I was leading them once. I know their soft spots.
sicko get help!!!!
Much to the disappoint of bro Kayse Hersi is fluent Arabic speaking and well positioned to
hammer out certain magical arabic politics..what you think Kayse lol.
Cheers.
And yet again the Somaliland haters who at the same time cry for unity bahahaha post hateful comments harbo this fat si laan yo that. the arabs will never like you blah blah blah
Its so sad that all the hatred you show Somaliland seems to keep falling on your heads, or should I say the poor back home who probably dont give two cents about separation but wish us well and flee to us when they can.
daroodka looma joojinayo
Come Again
Well said.
Let me add this, a pig is born a pig and never cleanses as the say goes therefore let them show us their true colors and that will be beneficial to us.
I will even ask them to bark louder and louder… will that cause as any damage no as long as a dog is a dog let him or her bark till they get tired. kkkkkk.
Somaliland actions and policy doe snot concern you in the least go and remove the Amisom that are sleeping inside your Vila in moqadishu instead!!! Never mind
well i would say that there is a chance for peace
What are you guys talking? UAE sees somaliland as maamul regional state from Somalia.
The somalis look at somaliland as clan regional state, calling it Isaacland.
somaliland is moving in the right direction and this visit is followed by an official invitation from UAE and also some financial assistance may be granted to somaliland by the a UAE. Therefore be optimistic about every positive thing made by our goverment. Some of you seem to be ill fated people and pessimistics.
Faroole goes to Dubai always and signs fake tribal deals including anti-piracy scam deals including that South African company…they are funding it.
The only difference between the tribal regional states of Pirateland and Garadagland when it comes to Dubai is; Dubai actually pays Pirateland….the millions to that South African mercenary firm is a good example.
These Garadag thugs are only good at recycling same fairytale stories, so what if you went to Dubai to get a gift to Hirsi Gaab's newly delivered wife?
HabroLand is most confusing entity. In one hand they claim to be democratic republic, in other hand the same guys kill people from other clans. So they have exposed themselves!
Habroland can go isolate themselves, it wont hurt us kkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk