Ghana will host ADB Group Country Office
This ceremony is "a crucial moment in the reinforcement of the cooperation relationships, already excellent, that link the Bank Group to Ghana", the ADB President said.
In the framework of the ADB’s decentralization policy, Ghana is part of a group of 25 countries which will shelter the field offices improving management and follow-up of the Bank projects and programmes and ensuring a better quality of assistance and dialogue to the member countries.
The criteria for selection of these countries are the volume, quality, portfolio capacity as well as local Private sector potentialities and institutional capacity of the country. A crucial factor, which also motivates the selection, is the regional integration promotion perspectives that the chosen Regional Office can provide.
The Ghana Regional Office will be endowed with competencies to deliver technical assistance in terms of loans enforcement, market entering, and disbursement. It will also play a mediator role on general policy issues and development strategy with the Ghanaian political authorities and local partners.
President Kabbaj recalled that Ghana portfolio is composed of 34 projects, primarily in Human resources, capacity building, rural development and social sectors. He wished that the Country Office settlement in Accra will enable the country to speed up the projects implementation and to increase the disbursement rate. The Ghanaian populations would then benefit from the impact of the Bank’s operations on the development of their country.
The Bank’s Group operations in Ghana started in 1973. To date, the group would have committed a total of 960 million US dollars in loans and US$ 45 million in technical assistance grants for the country.
*1 UA = 1.51678 US$ as at 01/05/2005