| 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 |
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.
The project objective is to mobilize private capital to finance infrastructure in Ghana.
The project will benefit the Republic of Ghana particularly in the financing of infrastructure and related projects.
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Funding
African Development Bank
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| IATI identifier | 46002-P-GH-KE0-002 |
| Last Update | 04 Dec 2021 |
| private-sector@afdb.org |
| Country | Ghana |