The Arab Bank Economic Development in Africa (BADEA) says it is in Ghana to rejuvenate its relationship with the country and to assure that the bank has undergone some reformation to deliver more efficiently to its business partners across the continent.
The Director-General of the bank, Mr Sidi Tah, said this when he led a delegation to pay a courtesy call on Ghana’s energy minister Dr Mathew Opoku Prempeh in his office on Thursday, 27 May 2021.
Dr Prempeh shared his appreciation for the bank’s continued support to Ghana in the area of infrastructure and rural development.
In answering their question about the ministry’s priorities, Dr Prempeh pointed out that among others, the Ghana Grid Company (GRIDCo) is undertaking a major infrastructure upgrade across the country to match the growing demands of the population.
“Transmission lines which were installed in the 1950s and 1960s are being replaced; presenting a good opportunity for investment from entities such as BADEA.
With investment into the right areas, Ghana could be industrializing sooner than later – having been blessed with so many natural resources,” Dr Prempeh said.
BADEA, in collaboration with Arab funds such as the Saudi, Kuwaiti, Abu Dhabi funds, has since 1975 executed over 38 major projects across various sectors in Ghana.