President Akufo-Addo has appealed to the board of governors to the African Development Bank (AfDB), to support efforts aimed at transforming the bank into the preferred multilateral financing institution for Africa’s development.
The President made the appeal when a delegation of governors of the AfDB called on him at the Jubilee House.
The delegation are in Ghana for the 57th Annual meetings of the AfDB which began in Accra on Monday 23rd May, 2022 and is expected to end on Friday, May 27, 2022.
The African Development Bank has, according to President Akufo-Addo, ”an extremely important role to mobilize resources at the regional and continental level for Africa’s development”.
Assistant Secretary, International Trade and Development at the US Department of Treasury, Alexia Tatortue noted that the priority of the Bank is to make sure ”potential market borrowing does not reduce the level of grants and concessional financing available to countries, particularly because 18 of the 37 ADF Countries that are high risk and in debt distress”.