The President of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, emphasized the urgent need for deepening democracy and ensuring good governance in West Africa. He stressed that these factors are crucial for attracting more investments, which are essential for accelerated development in the region.

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According to Dr Donkor, maintaining political stability and fostering good governance are prerequisites for investors, as they avoid regions perceived as politically unstable due to the associated risks.Dr Donkor reaffirmed EBID's commitment to driving wealth creation, economic growth, and industrialization to enhance the well-being of people in the sub-region. “What we need to do is ensure that democracy is maintained.

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Good governance and the likes are what investors require to be able to invest in the region.“If there is perception of political instability, they would not invest here because of the risks involved,” the President of EBID, Dr George Agyekum Donkor, has said.He highlighted the significance of attracting investments not only for growth and development but also for achieving the Sustainable Development Goals (SDGs) across West Africa.

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Speaking after receiving the CEO of the Year award in the Africa category at the second edition of the Ghana CEO Vision and Awards event, Dr Donkor acknowledged the challenges faced by the bank. He cited resource constraints, political unrest in some member countries, global geopolitical tensions like the Russia-Ukraine war, and the rising interest rates in the US as obstacles hindering their efforts.

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Despite these challenges, he stressed the importance of mobilizing resources to address the significant infrastructure deficit exceeding $6 billion in the sub-region.Dr Donkor expressed gratitude for the recognition and honor bestowed upon him and his colleagues at the event.

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He appreciated the acknowledgment of his contributions toward driving sustainable development and economic growth in West Africa, recognizing the positive impact this has on the entire continent.

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