2018 Budget: Gov’t To Launch A National Development Bank

The Finance Minister Ken Ofori-Atta has announced that to achieve an efficient financial sector with innovative and long term financing instruments to support economic development, Government will design the requisite financial architecture that is capable of mobilising resources.

According to Finance Minister Ken Ofori-Atta, a national development bank, with the capacity to mobilize private capital towards agricultural and industrial transformation, among others would be launhed.

Presenting the 2018 Budget and Financial Statement in parliament today, Monday, November 15, 2017, he said other measures to be taken to achieve an efficient financial sector is to restructure the Ghana Infrastructure Investment Fund (GIIF) with the capability to mobilise foreign private capital for critical infrastructure development using a private sector model; and enhance the capacity of Ghana Exim Bank to support agriculture and industrialisation for export.