EBID Board unveils 4-year GRO strategy
The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has stressed its 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.
This was the outcome of the Board’s 24th Annual General Meeting (AGM) held in Accra.
The Board of Governors, which is the highest decision-making body of the Bank, endorsed the Bank’s new five-year strategic plan, hinged on the growth, resilience and optimisation (GRO) Strategy for 2026–2030, designed to position the Bank as a leading financial institution of the subregion.
It is also 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.
Board
The Board of Governors comprised the Ministers of Finance and, in some cases, Ministers of Planning and Development of the 15 West African countries.
The Annual General Meeting of the Bank in Accra.
Also present at the meeting were two portfolio Ministers from the Alliance of Sahel States (AES), namely Burkina Faso and Niger, which reaffirmed their collective commitment to advancing the Bank’s mission, strategic vision and regional development mandate.
The meeting also signalled the end of the tenure of its Chairman, Ghana’s Minister of Finance, Dr Cassiel Ato Forson, and a new Chairman was appointed.
In a unanimous decision, the Minister of Planning, Development, and International Cooperation of Guinea, Ismael Nabe, was selected as the new Chairman of the EBID Board of Governors.
Ghana supports
Addressing the meeting, the Presidential Advisor on Finance, Seth Terkper, on behalf of President John Dramani Mahama, stressed Ghana’s steadfast support for EBID’s role in fostering sustainable economic progress and resilience across the subregion.
Mr Tekper, who is also the former Minister of Finance of the Republic of Ghana, stressed that despite the huge potential of Africa and the various sub-regions, attracting sustainable investment, particularly targeting infrastructure and industrialisation, remained a challenge and threat, hence the need to support institutions like the EBID to deliver on its mandate.
