The country manager for the International Finance Corporation (IFC), Kyle Kelhofer, has disclosed plans by his organization to provide an estimated $600 million in financial support to Ghanaian businesses in 2025.
During a courtesy call on the Majority Leader of Parliament, Mahama Ayariga, on Thursday, February 20, 2025, Kelhofer affirmed the IFC's commitment to supporting various sectors of Ghana's economy to create jobs for citizens. "We are here to support the private sector, invest in the private sector, mobilize private sector resources-both international and local-and help create more and better jobs. "What you saw last week at the garment factory was an example of Ghana's increased ability to leverage industrialization to create more and better jobs, particularly in garments, and especially for women. "This isn't limited to just garments; it could also include agro-processing and other forms of industry.
We believe there's an increased opportunity, and as a result, we've been providing more support," he stated.
He elaborated on the IFC's financial commitments, saying, "Last year, we financed approximately $450 million for companies in Ghana. "This year, we're targeting approximately $500 to $600 million in Ghana, whether it's in industrial zones directly, industries or factories operating within these zones, or agro-processors operating throughout the country, all aimed at helping to create more and better jobs." He further underscored the IFC's dedication to collaborating with Members of Parliament to achieve their objective of providing employment opportunities for Ghanaians.
