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AfDB Representative Confers with Honourable Minister for Finance

Accra, April 4, 2017 - The newly appointed Officer-in-Charge of the Ghana Field Office of the African Development Bank (AfDB), Kennedy Mbekeani has paid a courtesy call on the Minister for Finance, Hon Ken Ofori Atta.
 
The purpose of the visit was to initiate discussions on the preparation towards the development of AfDB’s new Country Strategy Paper for Ghana.
 
Mr. Mbekeani in his introductory remarks said the AfDB efforts in Ghana will focus on five strategic areas, Energy, Agriculture, IT, Regional Integration and Roads. He said the strategy is aligned with the Ghana Shared Growth Development Agenda.
 
He said the Country Strategy paper on the other hand is anchored on two pillars which are, improving productivity in Ghanaian enterprises and supporting economic and structural reforms, all geared towards improving the Ghanaian business environment. It is expected to will be finalized by August 2017.
 
In achieving the banks policy initiatives, the Mr. Mbekeani noted that the bank will engage the private sector in partnering government in the five strategic areas and especially to enable them to be futuristic in their approach instead of operating on short term basis.
 
He noted that the AfDB had acknowledged Ghana as a political stable country and that the strengthening of Ghana’s economy will have a positive spillover on the prospects of other African economies.
 
In response, Hon. Ken Ofori-Atta welcomed the strategy. He said the energy sector is key to the economy. He however, noted that the sector had not been managed well and that there was the need for a club deal to obtain the funding to operate the energy sector.
 
He said government is very much private sector oriented but added that the underlying factor about that policy was social justice, so as not to further disadvantage the poor in society.   
 
Hon. Ken Ofori Atta said job creation will also be a key factor and stressed that job creation should be private sector driven initiative.  He was pleased to note that the private sector was responding favourably to governments’ interventions. He also spoke briefly on fiscal support as government had inherited quite a huge sum of debt.
 
Present at the meeting were two Deputy Minister Designates, Mr. Charles Adu-Boahen and Hon. Abena Osei-Asare (MP). Also present were the Chief Director, Mr. Patrick Nomo, Nanette Deiby, Private Sector Officer (AfDB) and Eline Okudzeto, Macroeconomist (AfDB). END
Source; PR Unit                     

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