President Nana Addo Dankwa Akufo-Addo has called on wealthy economies to re-channel a portion of their Special Drawing Rights (SDRs) sitting with the International Monetary Fund (IMF) to Africa to help fight hunger and food insecurity. It would also augment health provision in the face of the challenges caused by the COVID-19 pandemic and the […]
President Nana Addo Dankwa Akufo-Addo has called for greater support for the African Development Bank (AfDB) to expand its capital base to make it the lead financing institution in funding Africa’s development. He said the bank had proven that it had deeper understanding of African issues, and therefore, must lead in financing African development ahead […]
The President of the African Development Bank Group, Akinwumi Adesina, has applauded President Nana Addo Dankwa Akuffo-Addo and the Minister of Roads and Highways, Kwasi Amoako-Attah, for the judicious use of the $83.9 million loan facility that was extended to the government for the construction of the Pokuase interchange. He said the project, which was […]
Ghana will host the African Development Bank’s next Annual Meetings in May 2021, it was announced Thursday, at the end of the Group’s 2020 meetings. The 2021 meetings will take place in the country’s capital city, Accra. Côte d’Ivoire’s Planning Minister Niale Kaba handed over the baton to Ghana, announcing that the Board of Governors […]
The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies. The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and official institutions, bank treasuries, and asset managers including […]
The African Development Bank’s support for the west African nation Ghana has boosted its government’s efforts to consolidate the economy, the country’s Vice President, Mahamudu Bawumia said on Monday. Dr. Bawumia, welcoming a team of Executive Directors and senior officials of the Bank on an official visit, cited various Bank-supported projects, especially in the areas […]
The Executive Council of the African Union has supported Dr. Akinwumi Adesina’s candidacy for a second term as President of the African Development Bank. The decision was taken during the thirty-sixth Ordinary Session of the AU Executive Council, held during the AU Summit in Addis Ababa, Ethiopia, 6-7 February 2020. BestNewsGH.com can report that Mr. […]
In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank have a tendency to lend too quickly and in the process, add to the continent’s debt problems. This statement is inaccurate and not fact based. It impugns the integrity of the African […]
The African Development Bank has released a $1 million grant to Uganda to help the East African country tackle an outbreak of the Ebola virus. The grant to support Uganda’s National Ebola Viral Disease (EVD) Preparedness and Response Plan, was approved in January. Funds have been disbursed through the World Health Organization (WHO), which is […]
African countries have made progress toward eradicating malnutrition and stunting but need to do more to hit United Nations malnutrition targets by 2025. This was the main message of a meeting that took place during the 33rd African Union Summit. Speakers at a meeting of the African Leaders for Nutrition (ALN) included the heads of […]
The report reminds us of the size of the investment that must be made in the development of human capital in Africa.” – Victor Harison, the African Union Commissioner for Economic Affairs; “If the recommendations in the African Economic Outlook are implemented, there is no stopping the continent.” – Caleb Meakins, social entrepreneur, global campaigner […]
The Africa Development Bank (AfDB) will be presenting the African Economic Outlook 2020 at the 33rd African Union Summit, scheduled for Addis Ababa, Ethiopia on Friday, February 7, 2020. BestNewsGH.com reports that the African Development Bank and the African Union Commission will jointly host a side event to present the 2020 edition of the Bank’s […]
