The International Finance Corporation (IFC) of the World Bank is set to invest a whopping $600 million in Ghana’s private sector to boost job creation and economic growth. This significant investment will focus on the garment industry and agro-processing sectors, which have been identified as key areas for industrial development and job creation.
According to Kyle Kelhofer, the Country Director of the IFC, this investment is part of the organization’s efforts to support the private sector, mobilize international and local investment, and create more and better jobs. Kelhofer noted that Ghana has made significant strides in industrialization, particularly in the garment industry, which has created more job opportunities for women.
The Majority Leader, Mahama Ayariga, welcomed the investment, stating that it would aid the government in delivering on its promises of job creation. Ayariga emphasized the importance of collaboration between the government, private sector, and funding sources to drive economic growth and create jobs.
This investment is expected to have a positive impact on Ghana’s economy, particularly in the areas of industrial development and job creation. With the IFC’s support, Ghana is poised to make significant strides in its economic growth and development.
