Tag: African Development Bank Group
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Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo
Foreign illicit financial transactions and tax evasion by multinational companies are draining Africa’s domestic resources and depriving it of crucial investment funds. This is according to President Nana Addo Dankwa Akufo-Addo. According to him, the phenomenon is denying the continent the needed tax revenue to finance important development programmes for the country. Speaking during the…
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Ghana signs MoU to host 2021 annual meetings of AfDB Group
The Secretary General of the African Development Bank Group, Professor Vincent Nmehielle, says participants at the upcoming 56th annual general meeting of the AfDB, will look at articulating policies and regulations, which will ensure that African economies become robust and better prepared, to deal with disruptive occurrences like COVID-19 in the future. The remarks were…
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COVID-19: African Development Bank Group supports Ghana with $69m grant
The Board of Directors of the African Development Fund (ADF) on Friday, July 24, 2020, approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the country. The grant from the ADF, the concessional arm of the African Development Bank, would provide fiscal budget support…