The African Development Bank (AfDB) is currently investing $950 million in Ghana in 23 projects on infrastructure.

This was disclosed by the President of the African Development Bank Akinwumi Adesina at the Presidency after a meeting with the President, Vice President and other government appointees.

“AfDB is investing $950 million in Ghana in 23 projects on infrastructure – it is very important – private sector is important, agriculture, energy and transport in particular and all these form key components in what we are doing in Ghana.”

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He expressed confidence in the Akufo-Addo administration arguing that he has “great confidence in the team that the President has put together to pursue his agenda.”

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He added that his discussion with the President laid emphasis on agriculture and energy and was glad projects being undertaken by the bank will improve the country’s economy.

“Agriculture is one of the high five priorities of the bank…we are going to be investing in the agricultural sector in Africa with $24 billion over the next 10 years and obviously, Ghana will play a very important role in that. We are going to be supporting agriculture a lot especially in the Northern sector of the country.”