The International Finance Corporation (IFC), a member of the World Bank Group, has announced a major investment of approximately $600 million in Ghana’s private sector. This significant investment aims to create job opportunities, enhance industrial development, and drive economic growth in the country.
According to Kyle Kelhofer, IFC’s Country Director, the investment will focus on the garment industry and agro-processing sectors, which have high potential for job creation and industrial development. The IFC’s investment is expected to support the growth of these sectors, enabling Ghana to reduce its reliance on imports and increase local production.
The garment industry is expected to benefit significantly from this investment, with the potential to create thousands of jobs, particularly for women. The agro-processing sector will also receive a boost, enabling Ghana to increase its agricultural production and exports.This investment is part of the IFC’s broader strategy to support Ghana’s private sector and drive sustainable economic growth. With this significant investment, Ghana is poised to experience a surge in industrial development, job creation, and economic growth.
