Bank of Ghana Governor Advances Strategic Partnerships at IMF/World Bank Meetings
Bank of Ghana Governor Dr. Ernest Addison and his delegation have embarked on a series of high-stakes meetings at the ongoing IMF/World Bank Annual Meetings in Washington, DC, securing potential partnerships that could reshape Ghana’s financial landscape.
In a significant development, Dr. Addison engaged with the World Gold Council, represented by Director Kurtulus Taskale Daimondopoulos and Global Head of Central Banks Shaokai Fan. During these discussions, the Governor emphasized Ghana’s strategic push for an LBMA-certified refinery, a move that could substantially enhance the value proposition of Ghana’s gold in international markets.
An LBMA-certified refinery would not only authenticate our gold production but also position Ghana more competitively in the global gold market, Dr. Addison stated during the discussions.
In another pivotal meeting, the European Bank for Reconstruction and Development (EBRD) extended a membership invitation to the Bank of Ghana. EBRD’s CFO and Vice President, Burkhard Kubel-Sorger, specifically lauded Ghana’s recent debt restructuring achievements. “Ghana’s swift and effective debt restructuring process sets a remarkable precedent for other nations,” Kubel-Sorger noted during the closed-door session.
The EBRD delegation, which included Director Arthur Radziwill and Managing Director Dr. Heike Harmgart, outlined potential collaborations in crucial sectors including agribusiness, infrastructure, and climate finance—areas aligned with Ghana’s development priorities.
These strategic engagements come as part of the broader IMF/World Bank Annual Meetings, where global financial leaders are convening to address pressing economic challenges and opportunities. The meetings, scheduled from October 21-26, feature key sessions, including the Development Committee and International Monetary and Financial Committee meetings.
Dr. Addison’s active participation in these high-level discussions signals Ghana’s commitment to strengthening its position in the global financial community while pursuing initiatives that could boost the country’s economic growth and development.
The Governor’s delegation continues to engage in bilateral meetings with various international financial institutions, demonstrating Ghana’s proactive approach to fostering international financial cooperation and securing strategic partnerships.
