Ghana - The Ghana Infrastructure Investment Fund


Project Summary

Approval Date 29 Sep 2021
Sovereign / Non-Sovereign Non Sovereign
Sector Multi-Sector
DAC Sector Code 73010
Commitment U.A 53,234,152.19
Status Approved

Project General Description

This intervention is designed to finance the Ghana Infrastructure Investment Fund (GIIF). It consists of a corporate loan of up to USD 75 million, in support of the Fund's strategy to increase its investment portfolio. The Fund aims to mobilize, manage, coordinate and provide financial resources for investments in a diversified portfolio of infrastructure assets and projects. This will contribute to Ghana’s infrastructure development and overall economic development objectives. The development outcomes include enhancing the Fund’s effectiveness in the following areas: a) supporting the continued mobilization of longer-term private sector capital towards infrastructure development; b) increasing infrastructure service penetration and hence the quality of life of the citizens; and c) increasing the corporate tax revenues from the taxable income deriving from the Fund’s investees.

Project Objectives

The project objective is to mobilize private capital to finance infrastructure in Ghana.

Beneficiaries

The project will benefit the Republic of Ghana particularly in the financing of infrastructure and related projects.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-GH-KE0-002
Last Update 04 Dec 2021

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country Ghana