Ghana is 4th largest IFC exposure country with $535m support

IFCGhana is the fourth largest International Finance Corporation (IFC) exposure country in the world. This was made known by World Bank Ghana officials last Thursday July 7, 2016 during the performance and learning review of the country partnership strategy 2013 to 2016.

The private sector arm of the World Bank Group is financing 13 projects in the country totaling $535 million, and according to the World Bank Ghana officials, the financing has created 41,258 direct jobs.

As at June 2015, the IFC said it had invested a total of $2.4 billion in Ghana.

In five years, from 2010 to 2015, it said its investments in the energy sector amounted to $525 million including oil and gas exploration and production, power production, and refined petroleum distribution.

The Multilateral Investment Guarantee Agency (MIGA), also of the World Bank is said to have invested in four projects in the country to the tune of $285 million. The investments are in the telecoms, energy and water sectors.

By Emmanuel K. Dogbevi

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