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Ghana and the African Development Bank Group sign MOU to host 2022 Annual Meetings next May.

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ENPNewswire-November 10, 2021--Ghana and the African Development Bank Group sign MOU to host 2022 Annual Meetings next May

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Release date- 09112021 - Ghana is set to host the African Development Bank Group's next Annual Meetings in May 2022, following the signing of a Memorandum of Understanding between the two parties on Monday.

The 57th Annual Meetings of the African Development Bank and the 48th Annual Meeting of the African Development Fund will take place from 23 to 27 May 2022. Because of COVID-19 considerations, plans are under way to hold the meetings in a hybrid format, with the physical presence of Governors, Executive Directors and Bank senior management and officials at the Accra International Conference Centre, and others participating virtually.

Ghanaian Finance Minister Kenneth Ofori-Atta, the current chair of the Bank's Boards of Governors, signed the agreement, signaling the country's preparedness to make the event 'super successful and unprecedented in the history of the Bank Group.' Secretary General Vincent Nmehielle signed on behalf of the African Development Bank Group.

Ofori-Atta underscored the role and strategic importance of the Bank Group as a catalyst for Africa's economic development, particularly in addressing the devastating impact of the health and economic crisis brought on by COVID-19 and climate change.

'These are not normal times and we must do whatever it takes to make the African Development Bank that institution that fundamentally our constituents need and through its activities, respond to the massive challenges confronting our continent,' he said.

He commended the President of the Bank Group, Dr. Akinwumi A. Adesina, for his efforts to lead the institution into 'a key pillar' for Africa's transformation.

While noting that some progress had been achieved, Ofori-Atta said it was inadequate to propel the continent to secure a green, inclusive and robust recovery.

The Annual Meetings are the most important annual statutory event, at which the Boards of Governors of the Bank and the African Development Fund review the Group's activities over the previous year. The 2022 event will also provide an...

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