Afreximbank, Ghana Infrastructure Investment Fund (GIIF) and Ghana’s 24-Hour Economy Authority launch project preparation partnership to accelerate 24H+ projects

African Export-Import Bank (Afreximbank) ( www.Afreximbank.com ), Ghana Infrastructure Investment Fund (GIIF) and the Ghana’s 24-Hour Economy (24H) have signed a Joint Project Preparation Facility (JPPF) Framework Agreement to accelerate the preparation of priority projects under Ghana’s 24-Hour Economy and Accelerated Export Development Programme (24H+). The Authority currently values the wider 24H+ investment pipeline at approximately US$11.5 billion. The JPPF will support selected priority projects in the pipeline, subject to joint screening and approval. Afreximbank and GIIF will pilot the intervention, with each making an initial contribution of US$5 million to finance eligible technical, financial, legal and advisory work needed to resolve bankability constraints and structure projects for financing. The agreement was signed by Mrs Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, on behalf of Afreximbank; Mr. Nana Dwemoh Benneh, Chief Executive Officer, on behalf of GIIF; and Mr. Augustus Obuadum Tanoh, Presidential Adviser on the 24-Hour Economy and Accelerated Export Development, on behalf of 24H. Under the tripartite arrangement, 24H will