Nigeria Content Online

Ghana is now the
seventh African nation to become a member of the Africa Finance
Corporation, joining host country Nigeria, Guinea-Bissau, Sierra Leone,
The Gambia, Liberia, and Guinea.

The Ghanaian
Parliament, on Tuesday, formally approved a resolution ratifying the
AFC agreement and the country’s request to join the pan-African
organisation. Parliament also approved a resolution for Ghana to
subscribe for shares in the institution.

First deputy
Speaker, Edward Doe Ajaho, who chaired the session in parliament, said
Ghana was pleased to join her sister African nations that had already
become members of the Africa Finance Corporation.

“Clearly, Africa’s
area of greatest need today is infrastructure development, and AFC is
well positioned to help fill the void in this important area. My
country welcomes the opportunity to lend our support to AFC’s efforts
in bridging the dire infrastructure investment gap on our continent.

“Ghana is one of
the countries that supported the establishment of AFC from the very
beginning. We are, therefore, exceedingly happy that the country has
today finally become a formal member of the organisation,” Mr. Ajaho
said.

Speaking to senior
parliamentary and government officials on behalf of AFC’s president and
chief executive officer, Andrew Alli, immediately after the
proceedings, the corporation’s executive director and general counsel,
Adesegun Akin-Olugbade, expressed his organisation’s appreciation to
the government of Ghana for the confidence reposed in the institution.