The ECOWAS Bank for Investment and Development (EBID) has granted a 50 million US dollar facility to the Consolidated Bank Ghana Limited (CBG) to support Ghana’s road infrastructure development. The President and Chairman of the Board of Directors of EBID, Dr. George Agyekum Donkor, and the Managing Director of CBG, Mr. Daniel Wilson Addo, signed this historic deal at the Head Office of CBG in Accra, Ghana.
The granting of this line of credit embodies EBID’s development commitments in the ECOWAS member states to address the huge infrastructure deficit within the sub-region. This is in alignment with Ghana’s developmental agenda to boost socio-economic growth with the improvement of road infrastructure as a key driver. Consequently, this line of credit to CBG will provide an impetus to bolster the government’s development initiatives.