The Ghana Infrastructure Investment Fund (GIIF) has approved a $30million corporate loan towards Ghana Airports Company Limited’s capital investment programme.

The loan is the first to be approved by the new GIIF board and is also the first investment that the fund has financed within Ghana's transport sector.

The approval by the GIIF board represents a critical moment in addressing Ghana's growing demand for reliable infrastructural services and the persistent lack of properly packaged and bankable projects.

The programme will also assist Ghana in realising its developmental objectives of upgrading its airport to become a gateway for West Africa and a regional aviation hub, thereby increasing capacity and improving safety standards and efficiency at the country's airports.