As of October 31, 2024, the African Development Bank Group’s active portfolio in Ghana included 23 projects with a total commitment amount of 850 million USD.
The main goal of the 2024-2029 CSP, approved by the African Development Bank Group’s Board of Directors on November 6, is to build a resilient and inclusive economy in Ghana through private-sector-led industrialization.
“The Country Strategy Paper will adopt innovative approaches to accelerate agricultural-industrial transformation and increase the Bank’s support to the private sector. We will launch a transformative initiative to support entrepreneurship, develop digital skills, and create jobs in Ghana,” said Eyerusalem Fasika, Country Director of the African Development Bank Group in Ghana.
The Bank’s support in the primary priority area will focus on agriculture, energy, and the social sector. The institution will support the Ghanaian authorities in capacity building, accelerating the industrialization of the agricultural sector, and promoting climate resilience through a value chain and economic transformation region approach. The Bank’s support will also help promote entrepreneurship in agriculture, improve energy supply, and enhance financing for technical skills and capacity building through the use of financial engineering tools.
The Bank’s interventions will prioritize integrated solutions, including clean agricultural and energy components, to boost climate-smart agricultural production, strengthen value chains, and encourage the adoption of resilient technologies for agricultural transformation. Agricultural investments in Northern Ghana will also aim to promote resilience and inclusive growth.
Under the second priority area, the Bank’s activities will focus on the transport sector. Ghana will be supported in the development and maintenance of high-quality, sustainable, and climate-resilient road infrastructure to improve links between production centers and national and regional markets.
As of October 31, 2024, the African Development Bank Group’s active portfolio in Ghana included 23 projects with a total commitment amount of 850 million USD.
