ACCRA, Apr 22 (THE AFRICAN PORTAL) – The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) concluded its 24th Annual General Meeting (AGM) in Accra, Ghana, on April 8, 2026, with a strong determination and commitment to deploy incremental investments across the West African region in the next five years.
The commitment underscores EBID’s accelerated drive to finance transformative projects and deepen regional economic integration.
The Board of Governors comprises the Ministers of Finance and, in some cases, Ministers of Planning and Development of the fifteen West African countries.
Also attending the meeting where two portfolio Ministers from the Alliance of Sahel States (AES), namely Burkina Faso and Niger thus reaffirming their collective commitment to advancing the Bank’s mission, strategic vision, and regional development mandate.
Seth Terkper, Presidential Advisor and former Minister of Finance of the Republic of Ghana, opened the meeting on behalf of His Excellency John Dramani Mahama, President and Commander-In-Chief of the Armed Forces of the Republic of Ghana, reiterating Ghana’s steadfast support for EBID’s role in fostering sustainable economic progress and resilience across the subregion.
The Board of Governors, which is the highest decision-making body of the Bank, endorsed the Bank’s new five year strategic plan: the Growth – Resilience – Optimisation (GRO) Strategy for 2026–2030, designed to position the Bank as a leading financial institution of the subregion, committed to addressing the region’s socio economic challenges while enhancing operational impact.
The strategy will guide EBID’s interventions in infrastructure, agriculture, energy, and digital transformation, with a strong emphasis on climate resilience and private sector engagement.
The President and Chairman of the Board of Directors of EBID, Dr. George Agyekum Donkor, paid glowing tribute to the outgoing Chairman of the Board of Governors and Minister of Finance of the Republic of Ghana, Dr Ato Baah Forson, acknowledging his impactful leadership, strategic foresight, and steadfast commitment which have positioned EBID as a key driver of sustainable development in our region.
“We are deeply grateful for the dedication displayed by Honourable Dr Ato Forson and the progress achieved under his guidance”.
Dr. Donkor also presented the Bank’s impressive financial and operational performance for the 2025 fiscal year, highlighting the Bank’s readiness to deliver on the investment commitment and the ambitious goals of the new strategy.
The Board also unanimously appointed Honourable Ismael Nabe, Minister of Planning, Development, and International Cooperation of the Republic of Guinea, as the new Chairman of the EBID Board of Governors.
