AfDB approves US$75 million loan to Ghana's sovereign wealth fund GIIF
The African Development Bank (ADB) has approved a US$75 million commercial loan to the Ghana Infrastructure Investment Fund (GIIF).
The loan will enable the Ghanaian state-owned GIIF to efficiently leverage its paid-in equity capital of US$325 million to secure additional debt resources for financing several critical infrastructure projects in Ghana. The aim is to reduce the country’s estimated multi-billion dollar infrastructure finance deficit.
Since 2016, the sovereign wealth fund has committed over 88% of its equity investment capital towards several infrastructure projects within the transport, climate-resilient energy, ICT, and affordable housing sectors. In addition, it has successfully mobilized over one billion dollars of private capital from both domestic and international sources.
Country updates
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July 02, 2021
Financing secured for Lot 1 of Eastern corridor PPP in Ghana
The Government of Ghana has secured a Social Loan financing of EUR280 million (US$331.81 million) from Standard Chartered Bank aimed to develop a section of the Eastern Corridor road. With the ai...
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March 29, 2021
Standard Chartered finances the Road PPP project in Tamale
Standard Chartered has announced the signing for EUR55 million(US$65.62 million) funding with the Ministry of Finance of the Republic of Ghana for a road infrastructure PPP project. The funding w...
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November 16, 2020
Commissioning of Pan West African broadband network announced
At the AfricaTech Festival international trade fair, Orange and its subsidiaries announced the commissioning and commercial launch of Djoliba, the first pan-African backbone. This infrastructure is ba...
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May 22, 2020
RFEOI seeking financial adviser for solid waste management project in Ghana
The World Bank Group has launched a request for expression of interest (RFEOI) seeking financial and economic advisory for a solid waste management project in the Greater Accra Region, Ghana. The...
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May 05, 2020
ADB approves EUR 12.33 million additional grant for Lagos-Abidjan highway
African Development Bank approved additional funding of EUR 12.33 million (US$ 13.52 million) in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – L...
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