Ghana has pledged fifty million dollars $50 million over the five (5) year period, of which ten million dollars ($10 million) is destined for ECOWAS Regional Security Fund (ERSF), created in support of the 2020-2024 Anti-Terrorism Action Plan.
Out of the $50 million pledge, forty million dollars ($40 million) will be used for the domestic empowerment of its border security against potential terrorist incursions.
Half of the ten million dollars ($10 million), i.e., five million dollars ($5 million), has been paid by Ghana into the ESRF account, of which confirmation transfer instructions for this payment has been received, and the remaining one hundred million dollars ($100 million), which is to be voluntarily paid by the other five (5) countries and other sources, will complete the establishment of the entire Fund, according to President Nana Akufo-Addo.
At The Virtual Summit 58th Ordinary Session Of The ECOWAS Authority Of Heads Of State And Government, On Saturday, 23rd January 2021, Nana Akufo-Addo thanked all Member States that are making significant efforts to support the initiatives, in this regard, especially those that have begun to pay their financial contribution to the one billion United States dollar (US$1 billion) ECOWAS Regional Security Fund (ERSF), created in support of the 2020-2024 Anti-Terrorism Action Plan.
Nana Akufo-Addo said Raising this money has to be a high priority for all because it enables member states to act independently in this crisis.
He said “Your Excellences will recall that the 2019 Summit created the Fund to cover a five (5) year period, 2020-2024. The UEMOA countries committed to contributing five hundred million United States dollars (US$500 million), whilst the Federal Republic of Nigeria also pledged three hundred and fifty million dollars (US$350 million); leaving a balance of one hundred and fifty million dollars (US$150 million) for the six (6) remaining countries and other sources. “
Source: Mybrytfmonline/Kofi Atakora
