{"id":69573,"date":"2025-07-07T15:16:27","date_gmt":"2025-07-07T15:16:27","guid":{"rendered":"https:\/\/sotnews.agency\/?p=69573"},"modified":"2025-07-07T15:16:27","modified_gmt":"2025-07-07T15:16:27","slug":"ebid-dismisses-political-motive-claims-in-130m-black-volta-gold-project-deal","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=69573","title":{"rendered":"EBID dismisses political motive claims in $130m Black Volta Gold Project deal"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 17 Second <\/div>\n\n <\/div>
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The ECOWAS Bank for Investment and Development (EBID) has firmly rejected claims that its involvement in the Black Volta Gold Project is politically motivated.<\/p>\n

Speaking at the signing of a $130 million facility agreement between EBID, Engineers and Planners, and Azumah Resources Ghana Limited, President of the Bank, Dr. George Donkor, described the allegations as unfounded and misleading.<\/p>\n

\u201cThis initiative is purely driven by economic and developmental goals,\u201d Dr. Donkor stated. \u201cIt is not about politics, it is about creating value, jobs, and sustainable growth in Ghana and across the West African region.\u201d<\/p>\n

He noted that the Black Volta Gold Project is a key investment that aligns with EBID\u2019s mandate to support regional development through strategic partnerships in sectors such as mining, infrastructure, and energy.<\/p>\n

Dr. Donkor also used the occasion to urge the Government of Ghana and other key partners to provide stronger backing for the mining sector, emphasizing its potential to create employment and stimulate industrial growth.<\/p>\n

\u201cWe believe the mining sector holds enormous potential to transform local economies. We call on the government and all stakeholders to support this sector to unlock jobs, revenue, and long-term development opportunities,\u201d he added.<\/p>\n

The Black Volta Gold Project, located in Ghana\u2019s Upper West Region, is expected to generate significant economic impact through local job creation, community development initiatives, and increased export revenue.<\/p>\n

The $130 million agreement marks a major step forward in advancing the project\u2019s development, reinforcing the role of public-private partnerships in driving sustainable economic progress across the ECOWAS region.<\/p>\n<\/div>\n

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The ECOWAS Bank for Investment and Development (EBID) has firmly rejected claims that its involvement in the Black Volta Gold Project is politically motivated. Speaking at the signing of a… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2005,12,2004],"tags":[],"class_list":["post-69573","post","type-post","status-publish","format-link","hentry","category-black-volta-gold","category-business","category-mining","post_format-post-format-link"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/69573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69573"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/69573\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}