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Report by Edward FRIMPONG
The Minister for Finance has honoured an invitation to lead Ghana’s delegation to the African Development Bank Group ( AfDB) Annual Meetings which started on 27th May, 2024 in Nairobi, Kenya.
The Bilateral meetings which include meeting with the president of the Asian Infrastructure Investment Bank, Kuwati Fund, Standard Chartered Bank, ABSA Bank, BADEA and the OPEC Fund was under the theme, “Africa’s Transformation, the African Development Bank Group and the Reforms of the Global Financial Architecture” which brought together Ministers of Finance, Governors of Central Banks from Africa representatives of Non-African regional stakeholders of the Bank, leaders of key global and regional financial and development institutions as well as their technical teams to discuss the Bank’s performance policies and programmes to enhance its projects on the African continent.
The Ghana’s delegation which includes Hon.Dr. Alex Ampaabeng, Deputy Minister for Finance, Mrs.Elsie Addo Awadzi, 2nd Deputy Governor and Officials from the Ministry of Finance (MoF), the Bank of Ghana (BoG) and the Ghana Infrastructural Investment Fund participated in the statutory meetings of the AGM and held bilateral meetings with some development partners which include, High Level Presidential Dialogue, the Governors Dialogue, Ghana’s Constituency in the Bank meeting, and a High-Level policy and Reforms Dialogue.
The Bank Group’s 2024 Annual Meetings which Dr. Amin Adam was a panelist on two high level plenary knowledge events, ” Financing Africa’s Transformation in a Changing Global Financial System” and the African Capacity Building Foundation (ACBF) event on “leadership Skills needed to improve PFM performance in Africa was being held from May 27-31 in Nairobi, Kenya after Ghana and Egypt hosted it in 2022 and 2023 respectively.
The theme for the meetings, which comprise the 59th Annual Assembly of the African Development Bank and the 50th meeting of the African Development Fund is “Africa’s Transformation, African Development Bank Group and Reform of the Global Financial Architecture”
According to the Ministry of Finance, key highlights of the AGM which include celebration of AfDB@60, the launch of African Economic Outlook 2024, and initial discussions on the roadmap for the election of a new president of the Bank to replace Dr.Adesina Akiwuni whose two-term tenure will end next year requires collaborative effort for orderliness.
The Annual Meetings of the African Development Bank Group present a unique opportunity for knowledge dissermination among high-level decision makers in Africa, key officials of bilateral and multilateral development agencies, leading academics and representatives of non-governmental organizations, civiy society and the private sector.
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