Seth-Terkper Lauds AFDB During Annual Meeting

Ghana's Finance Minister, Hon. Seth Terkper has lauded the African Development Bank for its sterling performance and also, its showcase of a unique and innovative way of assistance. .

Briefing news men during the 2015 annual meetings of the bank where he represented Ghana as the governor of the bank on sovereign bond issuances as well as issues and challenges of African countries entering the international capital markets, Seth. E. Terkper, Minister of Finance,of Ghana, made known that, it is important to ensure that funds from sovereign bonds are invested in a variety of projects that generate income. He also emphasized the need for governments to ensure that funds are invested in strategic projects that can boost economic growth.

Seth Terkper, who was speaking in a sideline interview with the newsmen during the Annual General Meeting of the premier development bank which ended in the Ivorian capital of Abidjan, last Friday, took cognizance of the various factors of development that were discussed namely, finance, agriculture, gender, industrialization, role of the youth, among others.

He also touched on the bank's sponsored Rural Enterprise Program in Ghana under which 116 districts have so far been covered .The program he said encourages the setting of rural businesses such as poultry, piggery and horticultural production whereby entrepreneurs are supported with capital between the range of GHc5, 000 to GHc 50,000.00

With the Adoption of the Africa 50 Fund and election of the Nigerian Minister of Agriculture and Rural Development as the new President of the bank Hon. Seth Terkper, had higher expectations for the bank in the next five to ten years.