Ghana - Strengthening Institutions for Enhanced Financial and Economic Governance (SIEFEG) (AFDB-P-GH-KF0-006)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Ghana
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 2, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Ghana - Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 10.31 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 11.46 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jul 30, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the Strengthening Institutions for Enhanced Financial and Economic Governance (SIEFEG) Project is an institutional support initiative implemented by the Ministry of Finance of the Republic of Ghana to improve economic governance and strengthen public financial management systems. The project has a total cost of UA 8.41 million, financed by a UA 7.57 million grant from the African Development Fund under ADF-16 and an in-kind Government contribution of UA 0.84 million. The operation supports Ghana’s efforts to improve domestic and external resource mobilization, enhance transparency and accountability in public financial management, and strengthen national planning and statistical systems.

The project aims to strengthen resource mobilization and improve planning efficiency to support inclusive and climate-resilient economic growth in Ghana. It focuses on improving domestic revenue collection and non-tax revenue monitoring systems, strengthening transparency and oversight in public financial management and procurement, and enhancing the country’s capacity for strategic planning and monitoring of development policies. The project also promotes gender-responsive and climate-informed budgeting while strengthening the national statistical system to support evidence-based policymaking and improved monitoring of Ghana’s socio-economic development.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [3] Low Risk

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The project has a total cost of UA 8.41 million, financed by a UA 7.57 million grant from the African Development Fund under ADF-16 and an in-kind Government contribution of UA 0.84 million.

Financial Instrument: Institutional Support and Rehabilitation Grant
Commitments (UA): 7,570,000
Conversion Rate USD (2026-03-02): 1,36276
Commitments (USD): 10,316,093.20


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Name: Kaouther ABDERRAHIM- BEN SALAH
Email: k.abderrahim@afdb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/

How it works

How it works