The Board of Directors of the African Development Bank (AfDB) has approved a $120 million corporate loan to support Ghana Airports Company Limited’s (GACL) capital investment programme. The loan, which totals $400 million and will be financed with corporate loans from AfDB and other development financial institutions as well as commercial banks, will be used to facilitate the construction of a new terminal at Kotoka International Airport (KIA) in Accra, and the rehabilitation of other airports managed by GACL.
AfDB approves loan to Ghana Airports
The Board of Directors of the African Development Bank (AfDB) has approved a $120 million corporate loan to support Ghana Airports Company Limited’s (GACL) capital investment programme. The loan, which totals $400 million and will be financed with corporate loans from AfDB and other development financial institutions as well as commercial banks, will be used to facilitate the construction of a new terminal at Kotoka International Airport (KIA) in Accra, and the rehabilitation of other airports managed by GACL.