Minister for Finance, Ken Ofori-Atta has announced that Ghana is set to host the 2022 Annual General Meeting of the African Development Bank (AfDB).
The Minister made this announcement on Thursday, May 12, 2022 when he interacted with the media at the Ministry of Information’s routine press briefing in Accra.
Giving a brief background to the historic event, Ken Ofori-Atta narrated that a Memorandum of Understanding for the hosting of the 57th AGM of the bank was signed between the two parties; AfDB and Ghana in last year November.
The meeting, the minister said, will be held at the Accra International Conference Centre from 23rd – 27th May 2022 under the theme “Achieving Climate Resilience and a Just Energy Transition for Africa.”
He further disclosed that aside the Annual General Meeting of the Bank, the African Development Fund (ADF) will also hold its 48th meeting in the same period.
In detailing the nature of the event, Ken Ofori-Atta explained that Ghana will be hosting this event for the first time in our history after it signed on as a founding member state on 14th August 1963, in Khartoum, Sudan and attended the Bank’s inaugural Board Meeting in November 1964 in Lagos, Nigeria. He further disclosed that indeed a Ghanaian national, Dr. Kwame Donkoh Fordjour Kantinka, was the President of the Bank between May, 1976 and July, 1979.
“These facts, together with our championing role in setting up what has become Africa’s premier Bank, suggest that hosting this event now seems long overdue. As is often said, however, it is better late than never, especially now that the continent is charting a new path towards building forward better,” he said.
He further stated that “typically, about 3500 participants attend the AGM. This month, we will host about 1000 delegates for the 57th African Development Bank (ADB) and 48th African Development Fund (ADF) annual meetings.”
“Since its inception, the African Development Bank has focused on its mandate: advancing Africa’s social and economic transformation and economic integration. That mission is even more relevant today. Today, 41 African economies are severely exposed to at least one of three (3) concurrent crises – rising food prices, rising energy prices, and tightening financial conditions,” he stated.
As the privileged host of the African Continental Free Trade Agreement Secretariat, Ken Ofori-Atta noted Ghana is also providing the opportunity to advance the cause of economic integration in response to some of these challenges during the Annual Meetings.
The Annual General Meetings will be attended by Ministers for Finance, Governors of Central Banks, Leaders of local and international Finance and Development Organizations, captains of industry, and civil society from the 81 Member States of the AfDB; made up of 54 Regional and 27 non-regional member countries.