Ghana Secures AfDB Aid For Inclusive Economic Growth

The African Development Bank has approved a $111.3 million financing package to help promote inclusive growth and improve the business environment in Ghana.

The package includes a $70 million loan and a $41 million grant. It will be used to finance Ghana’s Poverty Reduction and Business Environment Support Program, which aims to improve the country’s public financial management capacity and promote private sector development through a more robust business environment.

The project is a key component of Ghana’s Shared Growth and Development Agenda and is expected to be completed by December 2013.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.