The Board of Governors of the ECOWAS Bank for Investment and Development has concluded its 24th Annual General Meeting in Accra with a firm commitment to deploy significant incremental investments across West Africa over the next five years, underpinned by a new strategic plan designed to deepen regional economic integration.
The meeting, held on April 8, 2026, brought together Ministers of Finance, and in some cases Ministers of Planning and Development, from the fifteen West African member states. Also in attendance were two portfolio ministers from the Alliance of Sahel States – Burkina Faso and Niger – reaffirming their collective commitment to advancing the Bank’s mission and regional development mandate.
Honourable Seth Terkper, Presidential Advisor and former Minister of Finance of Ghana, opened the meeting on behalf of President John Dramani Mahama, reiterating Ghana’s steadfast support for EBID’s role in fostering sustainable economic progress and resilience across the subregion.
New five-year strategy unveiled
The Board of Governors, the highest decision-making body of the Bank, endorsed the Bank’s new five-year strategic plan: the Growth – Resilience – Optimisation Strategy for 2026–2030. The GRO Strategy is designed to position EBID as a leading financial institution in the subregion, committed to addressing 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.
Tribute to outgoing Chairman
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 Ghana, Dr Ato Baah Forson.
“We are deeply grateful for the dedication displayed by Honourable Dr Ato Forson and the progress achieved under his guidance,” Dr Donkor said, acknowledging his impactful leadership, strategic foresight, and steadfast commitment, which have positioned EBID as a key driver of sustainable development in the region.
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.
New Chairman appointed
The Board 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.
The meeting concluded with a renewed determination to deploy incremental investments across the West African region, underscoring EBID’s accelerated drive to finance transformative projects and foster economic resilience in member states.
Source:
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