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Ghana To Finally Host The African Development Bank Annual Meeting in Accra

Ghana To Finally Host The African Development Bank Annual Meeting in Accra

The Minister of Finance, Ken Ofori-Atta has finally confirmed the hosting of the 2022 Annual General Meeting of the African Development Bank at the Accra International Conference Center from 23 to 27th May, 2022 in Accra. 

For the first time, Ghana will be hosting this event in over 60-years of its establishment in August 1963. This, the Finance Minister said, was able to be achieved because of patience and perseverance and hope Ghana benefits from this annual engagement in the country.

Ghana was one of the leading countries that signed on as founding member states on the 14th August 1963 in Khartoum, Sudan, and subsequently attended the inaugural meeting in Lagos-Nigeria, the following year.

“It is truly intriguing to think that Kwame Nkrumah was one of the key founders of the Organization of African Unity (OAU) and we have not had a meeting of the African Development Bank in Ghana,” Ofor-Atta said.

He explained further that the country has not had an organ of the African Union since it was founded until a couple years ago, when the African Continental Free Trade Area (AFCFTA) came into existence and established the secretariat in Ghana.

This is the first annual meeting in two years to be held face to face since the COVID-19 pandemic hit Africa. The previous two meetings have been held virtually but this time around there will be physical representation though there are still restrictions on the number of people to attend. 

The theme for the African Development Bank meeting 2022 is Achieving Climate Resilience and a Just Energy Transition for Africa. 

The annual meetings are the Bank Group’s most important event of the year. They attract more than 3,000 delegates. The meetings bring together the Bank’s leadership and shareholders to take stock of the institution’s progress. 

They also provide a unique forum for representatives of the respective governments, businesses, civil society, think tanks, academia, and the media, to discuss critical issues concerning Africa’s development agenda.

Meanwhile, the new Pokuase four-tier road interchange was completed in 2021 with funding of $83.9 million from the African Development Fund as part of the multicomponent Accra Urban Transport Project. Some say it is the first of its kind in West Africa.

 

Source: Abdul-Razak Mohammed (Real Estate Times Africa)

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