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.