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 […]
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 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 […]
“Youth must be prepared for the jobs of the future – not the jobs of the past,” African Development Bank President Akinwumi Adesina said on Thursday at the launch of the Bank’s flagship African Economic Outlook. “Given the fast pace of change, driven by the 4th industrial revolution – from artificial intelligence to robotics, machine learning, […]
Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development Bank’s President, Akinwumi Adesina, said as he unveiled the Bank’s flagship economic report on Thursday. The 2020 African Economic Outlook (AEO) showed that the continent’s economies are growing well, higher than the global […]
