The shareholders of the European Bank for Reconstruction and Development (EBRD) have approved applications by Ghana and Senegal to become members of the multilateral financial institution. The authorities of the two West African countries each applied for EBRD membership in October 2023. The Bank’s Board of Governors has now approved the first stage in the membership process. Ghana and Senegal must meet some final pre-membership requirements before the process is concluded. The move follows the Governors’ approval – at the EBRD’s2023 Annual Meeting in Samarkand – of amendments to the Bank’s st…