Following a $ 600 million loan to Ghana last July for infrastructure projects, the African Development Bank (AfDB) agreed to a new $ 75 million commercial loan for the Ghana infrastructure (GIIF), owned by the State.
This new funding falls within the framework of the Coordinated Program of Economic and Social Development Policies 2017-2024 and the National Medium-Term Development Policy Framework (MTDF 2018-2021) of Ghana, as well as the Ten-Year Strategy and the strategic priorities of Ghana. AfDB Summit 5. It should enable GIIF to finance several critical infrastructure projects in Ghana, and reduce the infrastructure financing gap estimated at billions of dollars.
“This loan is an important step in anchoring the sustainability of a national infrastructure finance vehicle in Ghana, a model that we would like to promote to close the infrastructure finance gap on the continent,” said Amadou Oumarou, Director of Infrastructure and urban development of the AfDB.
The Ghana Infrastructure Investment Fund (GIIF) is an investment vehicle established with $ 325 million in government equity with a mandate to develop, invest and manage infrastructure assets in the country for development. national, cost-effective and sustainable.
