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Ghana, African Development Bank Group signs MOU for 2021 annual meetings African Development Bank"We promise to strive for African excellence and provide an appropriate opportunity. We will leave no stone unturned to ensure that this is an important event." – Kenneth Ofori-Atta I want to assure you that the bank has the full commitment and availability to accompany the Government of Ghana on this journey – Vincent O. Nmehielle Read more »

“We promise to promote African excellence and deliver a fitting event. We will leave no stone unturned to ensure this is an important event.” – Kenneth Ofori-Atta

I want to assure you that the bank has the full commitment and availability to accompany the Government of Ghana on this journey – Vincent O. Nmehielle

Ghana, the host country of the 2021 annual meetings of the African Development Bank Group in 2021, signed a memorandum of understanding with the institution on Friday, which was an important milestone in the preparation for the event.

The 56th annual meetings of the African Development Bank and the 47th annual meeting of the African Development Fund are scheduled to take place from 24 to 28 May 2021 in the capital of Ghana, Accra.

Ghanaian Finance Minister Kenneth Ofori-Atta, the current chair of the Bank’s Board of Governors, signed the MOU on the country’s readiness to host the event during a ceremony held at the Ministry of Finance’s office in Accra was held. Prof. Vincent O. Nmehielle, Secretary General of the African Development Bank Group, signed on behalf of the Bank Group.

The meeting began with a minute’s silence in honor of former Ghanaian President Jerry John Rawlings, who passed away on Thursday, November 12, and both signatories paid their respects.

In remarks after the signing, Minister Ofori-Atta said that he had carefully reviewed the MOU and found it satisfactory. “The signing is another indication of our strong commitment to meet all the requirements for the presentation of the Annual General Meeting in 2021. As a country, our interest in this event has not diminished. At the highest level, the commitment is visible, “he said. .

“We promise to promote African excellence and deliver a fitting event. We will leave no stone unturned to ensure this is an important event.”

The ceremony was seen by Finance Ministry officials, a representative of the Bank of Ghana, the acting land manager of African Development Bank, Sebastian Okeke, and representatives of the Bank’s headquarters in Abidjan.

Prof. Nmehielle thanked Minister Ofori-Atta for his leadership in the preparations and said Ghana was chosen to host the meetings in 2016 during the annual meetings in Lusaka, Zambia, following the country’s interest.

Due to the unpredictable evolution of the COVID-19 pandemic, the Secretary-General said that the MOU provides three scenarios for conducting the meetings: a full-fledged meeting according to the normal practice of the Bank, limited annual meetings, which are only on statutory issues focus, and virtual Annual Meetings.

“I am delighted that we are here today to sign the MOU. I want to assure you that the Bank has the full commitment and availability to accompany the Government of Ghana on this journey,” he said. Nmehielle said.

While the situation on the ground would determine what scenario would be adopted as they got closer to the event, it is heartwarming to learn that Ghana is preparing for the full annual meetings, ‘said prof. Nmehielle said.

The Bank Group’s annual meetings are the most important annual statutory event, during which the Boards of Directors of the Bank and the African Development Fund meet and review the activities of the Bank Group during the previous year.

The 2020 annual meetings were held for the first time in the Bank’s history due to the ongoing COVID-19 pandemic. The highlight of the reduced meetings was the election of Akinwumi Adesina, bank president, for a new term of five years.

The meetings usually draw about 3,500 participants, including finance ministers, central bank governors, policymakers, civil society groups, heads of international organizations and business leaders from the banking group’s member states.

Ghana has been a member of the Bank Group since its inception in 1963.

Contact:

Amba Mpoke-Bigg, Department of Communications and External Relations, African Development Bank, email: a.mpoke-bigg@afdb.org

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