President, Nana Akufo-Addo, has inaugurated a 9-member Board of Directors of the Ghana Investment and Infrastructure Fund (GIIF).
The President added that GIIF “is an important vehicle Ghana can use, with its $250 million seed funding, to leverage capital from other sources for the nation’s infrastructure financing and development.”
“The public sector, within our current constrained financial circumstances, cannot, on its own, provide and finance all of our infrastructure needs. We have to mobilise the private sector to fill the gap. That is how we would be able to achieve our goals for infrastructure development. This is the principal objective of the fund, which is to accelerate economic growth,” he added.
President Akufo-Addo added further that GIIF must be run on the principles of strong corporate governance, with members of the Board, as stipulated in Act 877 (2014), having “the necessary integrity, knowledge, expertise and experience in matters relevant to the functions of the Board.”
The president described the Chairperson of the Board Prof. Christopher Ameyaw Akumfi, as a “respected public servant, who has earned an enviable reputation, both in his work as an academician and a politician”, and one who is “eminently qualified to act as Chairperson of the fund.”
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The Chief Executive Officer of the Fund, Mr Solomon Asamoah, according to the President “is amongst the foremost specialists in infrastructure financing on the continent. He has been personally responsible for over $4billion in infrastructure investments across Africa, and has occupied senior offices in some of the continent’s premier institutions.”
“He is uniquely qualified for this role, and I am confident that he will surely unlock new sources of finance for the infrastructural development of our country,” he added
The President also said the other seven members of the Board, “bring strong skills to the Board”.
Members of the Board
Prof. Christopher Ameyaw Akumfi – Chairperson
Mr. Solomon Asamoah – Chief Executive Officer
Mr. Tweneboah Kodua Fokuo – Member
Ms. Yvonne Sowah – Member
Mr. Kofi Boakye – Member
Ms. Cecilia Gambrah – Member
Mr. Agyenim Boateng – Member
Mr. Yaw Odame – Member
Ms. Nana Afua Kyerewaa Ababio – Member
Advisory Committee
Minister for Finance – Chairperson
Governor of Bank of Ghana – Member
Director General of the National – Member
Development Planning Commission
Ms. Patience Akyianu – MD, Barclays Bank – Member
Dr. Ernestina Fredua Anto – Member