Dr Cassiel Ato Forson elected Chairman of ECOWAS Bank for Investment and Development

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, is now the Chairman of the ECOWAS Bank for Investment and Development (EBID).

This announcement came during the 23rd Annual General Meeting in Banjul, Gambia.

Dr. Forson could not attend but sent a message through Deputy Minister Thomas Nyarko Ampem.

Ampem conveyed warm greetings from Ghana's government and people. He expressed Dr. Forson’s gratitude for this honor.

He recognized the significant responsibility of the role and pledged Ghana's commitment to EBID's mission.

“To my fellow Governors, thank you for trusting Ghana’s leadership,” he said. “I will rely on your support in the coming year.”

A Strategic Vision for EBID’s Future

Dr. Forson outlined a strategic vision focusing on four key areas:
1. Strengthening resource mobilization for regional development initiatives.
2. Improving capital recovery through better asset management.
3. Facilitating non-regional membership to expand investment partnerships.
4. Positioning EBID as West Africa's leading Development Finance Institution.

He noted that challenges in the sub-region also present opportunities for growth.

With collaboration and renewed purpose, EBID can help build a prosperous West Africa.

Dr. Forson praised Dr. George Agyekum Donkor, President of EBID, and his team for their work in regional integration.

Outgoing chairman Hon. Seedy Keita thanked everyone for allowing him to serve as Chair.

He expressed full support for Dr. Forson and highlighted EBID’s role in economic development among ECOWAS states.

About EBID: A Pillar of Regional Development

The ECOWAS Bank for Investment and Development (EBID) is the development finance institution of ECOWAS, which has 15 member countries.

It started as the ECOWAS Fund in 1975 and became EBID in 1999.

Since then, it has served both public and private sector needs effectively.

Headquartered in Lomé, Togo, EBID supports regional integration and sustainable growth since its restructuring in 2007.

Ghana is a key partner of EBID with total commitments around $408 million supporting 24 active projects across various sectors like finance and energy.

Notable projects include partnerships with Consolidated Bank Ghana, Access Bank Ghana PLC, Tema LNG Terminal, and Marriott Hotel.