New EBID President Visits H.E. Nana Addo Dankwa Akufo-Addo

New EBID President Visits H.E. Nana Addo Dankwa Akufo-Addo
Photo: Coutesy Daily Graphic. Left: H.E. Nana AKUFO-ADDO. Centre: Former President of EBID, Mr. Bashir IFO. Right: President of EBID, Dr. George DONKOR

The newly appointed President, Dr. George DONKOR, paid a courtesy visit to His Excellency Nana Addo Dankwa Akufo-Addo at Jubilee House Accra on 31 January 2020.  The delegation from EBID included the former President, Mr. Bashir IFO.

Addressing the delegation, His Excellency Akufo-Addo, congratulated Dr. DONKOR on his appointment and urged him to remain efficient and dedicated to his mission adding that, the President of EBID was firstly, a West African with the responsibility to assist in developing the entire region.   While urging the new President to excel in his mission, he remarked that EBID has many achievements to its credit and commended the former President, Mr. Bashir IFO, for his leadership skills in growing the Bank and for drawing impressive investment efforts.

Mr. IFO informed His Excellency that over the past fourteen (14) years, EBID has financed a wide variety of projects from the private and public sectors in Ghana, such as the Ghana Housing Loans project, the Danadams expansion project, Kempiski Hotel project, African Hospitality (Marriot Hotel) project, the rehabilitation of the Akatsi-Aflao road, the acquisition of fire tenders for the Ghana National Fire Service, the Brong Ahafo project, the 220MW Thermal Power Plant and Dual Fuel Conversion Component of the Mines Reserve at Kpone and Tema, by the Volta River Authority (Ghana) among others, including on going discussions over further support in the amount of one hundred million United States dollars (US$100m) for other road projects.

Responding to the remarks, the newly appointed President of EBID, Dr. Donkor, promised to uphold the standards of excellence expected and also support Ghana’s development Agenda.

Overall, despite the challenging environment, the ECOWAS Bank for Investment and Development (EBID) continues to give priority to the financing of infrastructure in all sectors in Member States especially, electricity interconnection works, the construction of inter-state highways, port development or procurement of habour equipment, opening up of rural areas, the development of digital coverage which accounts for 62.2% of the Bank’s net commitments.

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