The deputy finance minister, Hon Abena Osei Asare on behalf of the government of Ghana has signed a budget support programme with the Africa Development Bank worth $102.59 million.
In delivering their key mandate of improving the living conditions of Africans, reducing poverty and mobilizing resources for the continent’s economic and social development, the Africa Development Bank agreed to support the government of Ghana in implementing their 2024 budget.
According to the deputy finance minister, Hon Abena Osei Asare, after sealing the budget support programme facility mentioned how vital the deal was going to improve their relationship with the institution.
“Today, we are deepening this partnership with the signing of this agreement between the government of Ghana and the Africa Development Bank for the implementation of the budget support programme agreed,” Hon Abena Osei Asare said.
Further, the country manager for Africa Development Bank, Ms. Eyerusalem Fasika stated how important it is for the premier development finance institution on the continent in improving the economies of African countries through through financial support.
“The signing ceremony marks a key milestone on the efforts of the government to rebound the economy. This program complements the ongoing IMF credit facility,” Ms. Eyerusalem Fasika stated.
The $102.59 million budget support programme facility secured by the government of Ghana from the Africa Development Bank is linked towards Ghana’s aim of reviving from it’s economic woes.