The Chamber, on May 26, 2022, hosted Ashley Ndir, Senior Commercial Liaison to the African Development Bank Group, and Elvire Yéré Kodio, MBA, Commercial Specialist to the African Development Bank, for discussions on the bank’s priority areas and strategy in Ghana and also how companies can properly position themselves to engage the bank.
The meeting was on the sidelines of AfDB’s 2022 Annual Meetings held in Accra.
Ashley Ndir presented the 0pportunities for U.S. companies, steps companies must follow for a successful engagement with the bank, and AfDB’s strategy for Ghana.
The AfDB Group provides assistance through two main windows – the African Development Bank (AfDB), which lends at market-based rates, and the African Development Fund (ADF), which provides grants and concessional financing to the least developed countries of the continent. The Bank also manages Trust Funds.
Opportunities available at the bank includes Project Procurement, which allows the country’s government to borrow funds from the AfDB Group for a public works project (goods, works, services), Corporate Procurement, with this AfDB Group itself, runs a competition for services, goods and works for its internal needs, and finally, Private Sector Financing, this allows the U.S. and other AfDB member country private sector firms partner with AfDB Private Sector Operations on financing solutions in support of private sector activities.
The AfDB has provided financing for projects in various sectors of the Ghanaian economy, including the transport and Agricultural sectors, with the majority of funding.
This event was held in collaboration with the U.S. Embassy in Ghana and the U.S. Commercial Service.