Dr George Agyekum Donkor, the President and Chairman of the ECOWAS Bank for Investment and Development (EBID), has been awarded the prestigious Prix de la Fondation by the Crans Montana Forum at a ceremony in Geneva, Switzerland.
The award was presented to Donkor by His Royal Highness Prince Guillaume Jean Joseph Marie of Luxembourg and Crans Montana Founder and Chairman, Jean Paul Carteron. At a cocktail held at the Fairmont Hotel in Geneva ahead of receiving the top award, Dr. Donkor highlighted the global economic downturn created by the COVID-19 pandemic and the war in Ukraine.
“The whole world is in economic turmoil as a result of two external shocks, the COVID-19 pandemic and the war in Ukraine. As a result of these challenges, there have been escalating prices of food and energy and economies all over the world are suffering.”
Dr George Agyekum Donkor
Dr. Donkor noted that food and energy prices have gone up tremendously, which has affected the global commodity supply, resulting in price hikes in various jurisdictions, leading to severe economic challenges. He noted that inflation is on the high side, especially with countries that had been experiencing low inflationary records like Japan. Japan had rather been fighting deflation but now they are also battling inflation, he disclosed.
In his presentation, Dr Agyekum Donkor optimistically told the audience that the ECOWAS Bank for International Development is more interested in the solutions more than the challenges. He called for Africans to change their orientation and re-engineer their value system if the continent can rise above the economic circumstances it finds itself.
“Unless there is a change within, there cannot be a change without. It is necessary to reinvent foreign policies and diplomatic action based on the necessary and unavoidable acceptance of the other.”
Dr George Agyekum Donkor
Meanwhile, the award is an acknowledgment of Dr Donkor’s numerous contributions to the socio-economic development of the sub-region by spearheading strategic economic initiatives for creating jobs and providing dynamic leadership to champion wealth creation for vulnerable population groups.
The Crans Montana Forum is a world leading international institution dedicated to public-private sector cooperation.
It has become an elegant meeting place for high-level officials and top decision makers from Governments and Business and Prix de la Fondation is awarded in recognition of an accomplished work and serves as a solemn encouragement.
A lawyer and development banker by training, his illustrious career, spanning close to three decades, has been a testament of people-centered leadership in a corporate setting.
Implementation of Change to Drive Progress
Dr Donkor said he is focused on implementation of change to drive progress not only in the West African sub-region, but also to stimulate a wider international impact through regional integration and engagement. Under his capable leadership, EBID has achieved several remarkable successes including balance sheet growth of 22% and 158% oversubscription of its 2021 UEMOA bond issuance concluded within 24hrs, both an indication of increased investor confidence.
Within two years of assumption of office as President of the Bank, Donkor has recorded an impressive operational and financial performance to the admiration of all stakeholders.
Present at the Crans Montana ceremony were Rt. Hon. Sidie Mohamed Tunis, Speaker of the ECOWAS Parliament, Ghana’s Ambassador to Switzerland, Emmanuel Kwame Asiedu Antwi as well as the Deputy Majority Leader of Ghana’s Parliament, Hon. Alexander Kwamina Afenyo-Markin, who is also a member of the ECOWAS Parliament.
The ECOWAS Bank for Investment and Development (EBID) is a leading regional investment and development bank, owned by the fifteen (15) ECOWAS Member States. Based in Lomé, Togo, the Bank is committed to financing developmental projects and programs covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows.
EBID intervenes through long, medium, and short-term loans, equity participation, lines of credit, refinancing, financial engineering operations and related services.
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