Tranmediaries
Description: Piercing through the Deeps
The Parliament of Ghana is reviewing an onlending agreement between the government of Ghana and a new Ghanaian state-owned development bank, DBG.
This agreement is a requirement for the European Investment Bank (EIB) to start releasing tranches of funds from a €170 million commitment to the DBG.
However, the decision to fund the DBG by key multilateral development banks such as the World Bank, Africa Development Bank (AfDB) and the European Investment Bank (EIB) was taken in 2019 when Ghana’s finances still had a shine. The kind of shine that billions of dollars of Eurobonds can confer.
Tranmediaries