The Republic of Ghana has marked its 7th anniversary as a Member State of Africa Finance Corporation by becoming a sovereign shareholder in the Corporation, making an initial equity investment of US$10 million.
The Government of Ghana also plans to invest $40 million in the Corporation; representing the second tranche of its $50 million commitment to purchase AFC equity.
Ghana has been a Member State of AFC since February 2011.
Investments in the equity of AFC can be made by its Member States, by international organizations, as well as by private sector
corporations.
The President and Chief Executive Officer, AFC, Mr. Andrew Alli, said the investment is not only to strengthen the partnership between AFC and Ghana, it also serves as an acknowledgement of AFC’s efforts thus far in the development and financing of infrastructure in Africa and acts as an incentive for AFC’s continued commitment to infrastructure development in
Ghana.
The Deputy Minister of Finance of Ghana, Hon. Charles Boahen, said AFC remains an infrastructure development partner of choice for the Government of Ghana.
He said, “The Corporation has proven its commitment to the socio-economic development of the country, in particular; in addition to its growing presence across the continent and stands as a beacon of Corporate
Pan-Africanism.
“Ghana strongly encourages other African nations to invest in AFC to enhance the fulfillment of her mandate, to facilitate the continuous delivery of sustainable infrastructure assets and projects in the countries and the respective
regions.”
