Ghana Buys $50 Million Stake in Africa Finance Corp., GNA Says

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Ghana will invest $50 million in the Africa Finance Corp. and join the development bank’s board of directors, the Ghana News Agency said, citing James Avedzi, chairman of Ghana’s parliamentary finance committee.

The Nigeria-based bank invests in infrastructure and industrial projects on the continent, the agency said. Its members include Nigeria, Sierra Leone, Guinea-Bissau, Guinea, Liberia and Gambia.