The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has announced plans to ramp up investments across West Africa over the next five years, as part of efforts to accelerate regional economic integration and development.
The decision was reached at the Bank’s 24th Annual General Meeting (AGM), held on April 8, 2026, in Accra, Ghana, where member states reaffirmed their commitment to financing transformative projects across the subregion.
The Board, comprising Ministers of Finance and, in some cases, Ministers of Planning and Development from the 15 ECOWAS member states, emphasized the need for incremental investments to address pressing socio-economic challenges and boost sustainable growth. Representatives from Burkina Faso and Niger also participated, underscoring regional cooperation.
A major highlight of the meeting was the endorsement of EBID’s new five-year strategic framework, tagged the Growth – Resilience – Optimisation (GRO) Strategy for 2026–2030.
The plan is designed to strengthen the Bank’s role as a leading development finance institution in West Africa by focusing on key sectors such as infrastructure, agriculture, energy, and digital transformation.
The strategy also places strong emphasis on climate resilience and private sector participation, aligning with broader regional priorities to foster inclusive and sustainable development.
Speaking at the meeting, Presidential Advisor and former Finance Minister of Ghana, Seth Terkper, reiterated Ghana’s support for EBID’s mission, noting the Bank’s critical role in driving economic progress and resilience across the subregion.
Meanwhile, the President and Chairman of EBID’s Board of Directors, Dr. George Agyekum Donkor, presented the Bank’s 2025 financial and operational performance, expressing confidence in its capacity to deliver on the new investment drive and strategic goals.
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He also commended the outgoing Chairman of the Board of Governors, Dr. Ato Baah Forson, for his leadership and contributions to the Bank’s growth.
In a key leadership change, the Board unanimously appointed Guinea’s Minister of Planning, Development, and International Cooperation, Ismaël Nabé, as the new Chairman of the EBID Board of Governors.
EBID, the development finance institution of the Economic Community of West African States (ECOWAS), continues to play a pivotal role in funding infrastructure, social services, and private sector initiatives across the region through various financial instruments
