(EBID) - The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Donkor, has once again been recognized as one of the 100 personalities transforming Africa by Financial Afrik, a leading business news magazine.
The annual ranking, now in its ninth year, highlights influential individuals for their accomplishments over the preceding 12 months, their impact, and contributions to Africa's socio-economic development. In December 2022, Dr Donkor was recognized as Development Banker of the Year. In 2023, he featured on the list as an “Integrator”. This speaks not only to his efforts towards positioning the sub-region for growth but also his commitment to enhancing regional integration for sustainable development.
Dr Donkor’s leadership of EBID has produced many significant achievements including an upgrade of the Bank's credit rating by Moody's and Fitch Ratings, improvement in the quality of the Bank's portfolio and the development of a more robust governance structure. Chief amongst these achievements has been the overall increase in the Bank’s interventions, with a total of USD 3.8 Billion deployed to-date for various projects all over the ECOWAS sub-region.
Guided by an ambitious strategy for 2021-2025, EBID continues to grow with Dr Donkor at the helm and is expected to keep doing bigger exploits.
ECOWAS Bank for Investment and Development (EBID) is the development finance institution of the Economic Community of West African States (ECOWAS) comprising fifteen (15) Member States namely, Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. Based in Lomé, Togolese Republic, the Bank is committed to financing developmental projects and programmes covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows. EBID intervenes through long, medium, and short-term loans, equity participation, lines of credit, refinancing, financial engineering operations, and related services. www.bidc-ebid.org