Developing transport and infrastructure
Strengthening the power grid
Supporting the private sector
Despite its remarkable growth, Ghana’s economy needs to face three challenges: the decline in world prices for most of the raw materials exported by the country (gold, cocoa), the sharp fall in oil prices, which has halved its oil revenues, and an electricity grid which is still underdeveloped and unstable.
Ghana must now diversify its economy and increase its energy supply. To achieve this, the Government has just launched a new industrial policy, which plans to build a factory in each of the country’s 126 districts (One-district-one-factory-policy).
AFD has been a partner of Ghana for over 30 years. It focuses its activities on the country’s main economic development projects, particularly in the agriculture, transport and energy sectors.
In view of the level of debt of the Ghanaian State, AFD is now refocusing its activities on financing non-State actors: local banks, State-owned companies (without a State guarantee) and the private sector.
AFD in Ghana: over EUR 1.2bn committed over the past 30 years via over 150 projects.