Ghana becomes sovereign shareholder in Africa Finance Corporation with $10 million initial equity investment

  |   Ghana News

The Republic of Ghana has marked its 7th anniversary as a Member State of Africa Finance Corporation by becoming a sovereign shareholder in the Corporation, making an initial equity investment of $10 million.

The Government of Ghana has also committed to invest a further US$40 million in the Corporation; representing the second tranche of its U$50 million commitment to purchase AFC equity. Ghana has been a Member State of AFC since February 2011.

Investments in the equity of AFC can be made by its Member States, by international organizations, as well as by private sector corporations.

Andrew Alli, President and Chief Executive Officer of AFC commented: "This investment not only strengthens the partnership between AFC and Ghana, it also serves as an acknowledgement of AFC's efforts thus far in the development and financing of infrastructure in Africa and acts as an incentive for AFC's continued commitment to infrastructure development in Ghana".

Over the past 10 years, AFC has mobilized more than US$1.2 billion of investments into Ghana.

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