AfDB Trains Ghanaian Officials To Strengthen Delivery Of $672m Project Portfolio

The Ministry of Finance has joined a three-day Institutional Capacity Building and Fiduciary Clinic organised by the African Development Bank (AfDB) to strengthen the implementation of AfDB-financed projects in Ghana.

The AfDB currently supports Ghana through 20 ongoing operations valued at approximately US$672 million.

The financing covers agriculture, which accounts for about US$161.3 million (24%); transport, US$147.8 million (22%); social interventions, US$100.8 million (15%); and multi-sector and governance programmes, US$94.1 million (14%). Other sectors are power, about US$80.6 million (12%); water and sanitation, US$47 million (7%); and finance, US$40.3 million (6%).

Speaking at the opening, the Director of the External Resource Mobilisation Division of the Ministry of Finance, Mr Isaac Fraikue, said effective implementation of the projects required more than financial resources.

He stressed the need for strong institutional capacity, sound procurement practices and effective financial management, noting that strong fiduciary systems were essential to ensuring value for money, transparency and accountability.

Delays in procurement, processing and disbursement, he warned, could delay the benefits of projects to citizens.

Mr Fraikue thanked the AfDB for its continued partnership and urged participants to use the clinic to examine practical challenges affecting project implementation, share experiences and identify solutions before they adversely affect projects.

AfDB Country Manager to Ghana, Halima Hisha, said the clinic was aimed at strengthening the capacity of project teams in procurement, financial management, environmental and social safeguards, monitoring and evaluation, gender and climate issues.

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