The Ministry of Finance and the German Development Bank, KfW, have signed a financing agreement under a partnership between Germany and Ghana to the tune of €16 million.
The agreement will enable Ghana to secure its shareholding and membership into the African Trade Insurance (ATI) Agency, a multilateral investment guarantee institution that mitigates investment risks in Africa.
This was after Ghana met all the criteria required to finalise her membership with the ATI, after signing the first financing agreement under the Reform and Investment Partnership with Germany.
A Deputy Minister of Finance, Mr Charles Adu Boahen, signed the agreement on behalf of Ghana, while a Director of the KfW in charge of Central Africa and Regional Funds, Dr Jan Martin Witte, signed on behalf of the bank.
Present at the signing event was the German Ambassador to Ghana, Mr Christoph Retzlaff; the Director General and Special Envoy for the Reform and Investment Partnership from Germany, Dr Stefan Oswald; and the acting Chief Executive Officer (CEO) of ATI, John Lentaigne.
To read full article - http://v.duta.us/47tn1gAA