Following President Akufo Addo’s visit to France, the Ghana-France bilateral cooperation has further deepened with the signing of a Memorandum of Understanding, (MoU) and two credit facilities.
The MoU was signed between Ghana, represented by the Minister of Foreign Affairs and Regional Integration, Mrs. Shirley Ayorkor Botchwey and France, represented by Expertise France’s Director, M. Jérémie Pellet and AFD’s Director for Africa, Mrs. Rima Le Coguic.
The two financial agreements were signed with CalBank, represented by its Managing Director, Frank Adu. The MoU is related to the Adapt’ Action facility,whose objective is to enable Ghana to consolidate its climate governance.
It is also to design a structured and transformational climate programmes and projects, with a focus on adaptation to climate change impacts. The 30 million Euro facility from AFD is aimed at supporting 15 partner countries and regional organisations over a 4-year period effective 2017.
The first agreement with CalBank is a credit line facility of 17 million Euros which will allow the bank to provide green credit loans to finance small and medium enterprises in Ghana, for renewable energy and energy efficiency projects.
The second agreement is a grant agreement of One point four million Euros to the benefit of the clients of the bank who are eligible under the program.
These two agreements with CalBank form part of the Sustainable Use of Natural Resources and Energy Finance (SUNREF) programme in Ghana.
Story filed by Rebecca Ekpe
