Trade & Development Finance Brief (ATDFB) Volume 6 Issue 2 2022

Categories: Trade & Development Briefs

Title: Afreximbank and the Power of Partnerships: How Ghana is Navigating Fallout from COVID-19 and Ukraine Crises
 
Afreximbank is supporting Ghana’s efforts, which are fully aligned with the Bank’s own strategy. That strategy supports the diversification of sources of growth and envisions the emergence of a vibrant African automotive industry to accelerate the development of regional value chains and deepen economic integration on the continent. The Afreximbank strategy also calls for the growth of intra-African trade, an efficient absorber of adverse global shocks, and for industrialization to boost the continent’s exports. In this regard, Afreximbank is collaborating closely with partners to leverage more resources so it can help accelerate the structural transformation of the Ghanaian economy and set the country on a long-term path towards fiscal and debt sustainability. This will ensure that when the next global crisis occurs, Ghana will be ready to face it.