KfW Development Bank in Ghana
Ghanaian farmer, © KfW
On behalf of the German Government, KfW has been promoting development in Ghana since 1961, with a total commitment of close to 1 billion euros up to date.
KfW Development Bank has been helping the German Federal Government to achieve its goals in development policy and international development cooperation for more than 50 years. In this regard, we are both an experienced bank and a development institution with financing expertise, an expert knowledge of development policy and many years of national and international experience.
On behalf of the German Government, KfW has been promoting development in Ghana since 1961, with a total commitment of close to EUR 1 billion up to date. KfW Development Bank currently focuses on three areas in Ghana, namely agriculture, sustainable economic development, and governance.
Efforts in the agricultural sector aim at supporting smallholders through tripartite agreements between off-takers, rural banks and out growers, while the focal area sustainable economic development intends to strengthen the Ghanaian financial sector, for example, by funding e-zwich, a branchless banking system in rural areas. Furthermore, KfW supports the Ghanaian government to actively promote decentralization by empowering districts to autonomously implement smaller infrastructure projects. In addition, KfW by supporting the Ghana Audit Service and the Ghana Revenue Authority helps the Government of Ghana to improve public financial management.
Beyond the focal areas KfW finances (renewable) energy-sector projects and an innovative pilot project in the field of e-waste.
Source: KfW Ghana
Ghana and Germany have enjoyed friendly and wide-ranging political relations since Ghana gained independence.