Majority Leader Mahama Ayariga has emphasized the need for Ghana to leverage funding from bilateral partners to strengthen the private sector, create jobs, and accelerate economic growth.
Speaking during a courtesy call by the International Finance Corporation (IFC) to his office, Ayariga highlighted the importance of foreign direct investment in driving development at both national and constituency levels.
He urged legislators to actively engage with the IFC and other international financial institutions to attract investment that can transform livelihoods across the country.
The meeting was led by IFC General Manager for Ghana, Liberia, and Sierra Leone, Kyle Kelhofer, who reaffirmed the corporation’s commitment to supporting Ghana’s private sector. He announced that the IFC is increasing its investment threshold in the country to between $500 million and $600 million, a significant rise from last year’s $400 million.
According to Kelhofer, this injection of capital will help stimulate sustainable economic growth by empowering businesses, fostering innovation, and expanding job opportunities.
The IFC, as the private sector arm of the World Bank Group, plays a crucial role in facilitating investment to spur economic development. Its increased focus on Ghana underscores the country’s potential as a thriving hub for business and investment in the West African region.
With Ghana’s economy seeking a stronger post-pandemic recovery, partnerships with international financial institutions like the IFC are expected to play a vital role in achieving long-term stability and prosperity.
