KfW Development Bank in Ghana
Enlarge image The KfW Team Accra with Director Birte Schorlemmer (© KfW Ghana) On behalf of the German Government, KfW has been promoting development in Ghana since 1961, with a total commitment of close to 1 billion euros up to date. KfW Development Bank currently focuses on three areas in Ghana, namely agriculture, sustainable economic development and governance. Efforts in the agricultural sector aim at supporting smallholders through tripartite agreements between off-takers, rural banks and out growers, while the focal area sustainable economic development intends to strengthen the Ghanaian financial sector, for example, by funding e-zwich, a branchless banking system in rural areas. Furthermore, KfW supports the Ghanaian government to actively promote decentralization by empowering districts to autonomously implement smaller infrastructure projects. In addition, KfW advises the Government of Ghana on how to improve public financial management, supporting two pivotal institutions: the Ghana Audit Service and the Ghana Revenue Authority. Moreover, KfW is financing the construction of a photovoltaic plant in Northern Ghana, which not only provides structural development for this part of the country but also makes a sustainable contribution to the renewable energy sector in Ghana.
Source: KfW Ghana