Dr. Mohammed Amin Adam, Ghana’s Finance Minister, recently engaged with the Arab Coordination Group to seek support for Ghana’s ambitious $12 billion growth strategy. The group includes representatives from the Arab Bank for Economic Development in Africa (BADEA), the Arab Monetary Fund, and the Saudi Fund for Development.
During the meeting, Dr. Amin Adam underscored the necessity of investments in key sectors such as agriculture, tourism, SMEs, and social programmes like LEAP and the School Feeding Programme. He highlighted that Ghana has already secured a $2.4 billion agreement for various projects, many of which are completed or contributing to economic growth.
“Our friends and partners here have supported us through our difficult times and will once again support us to invest heavily in agriculture,” Dr. Amin Adam stated.
He also detailed plans for significant investments in tourism and SMEs, noting, “We have mobilized close to $600 million to support SMEs across the country.”
The Minister reported positive economic growth figures, with the economy expanding by 2.9% in 2023 and 4.7% in the first quarter of this year.
Dr. Drad Karrar from BADEA expressed alignment with Ghana’s plans, mentioning that BADEA has funded 42 projects, with 33 completed and 9 focused on capacity building.
This collaborative effort underscores the mutual commitment to driving sustainable economic growth and development in Ghana through strategic investments and partnerships.
