IFC-World Bank to invest $600M in Government’s job creation initiative

The International Finance Corporation (IFC) of the World Bank has announced a planned investment of approximately $600 million in Ghana’s private sector to stimulate job creation and drive economic growth.

This investment will primarily target the garment industry and agro-processing sectors, aiming to foster industrial development and expand employment opportunities.

“We are here to support the private sector, invest in the private sector, mobilize the private sector, both international and local, and to help create more and better jobs. And what you saw last week at the garment factory was an example of Ghana’s increased ability to take advantage of industrialization to create more and better jobs, and in garments in particular for women,” he stated.

IFC Country Director Kyle Kelhofer revealed this initiative during a courtesy visit to the Majority Leader in Parliament. He reaffirmed the IFC’s commitment to working with Members of Parliament to create employment opportunities for Ghanaians.

In response, the Majority Leader welcomed the delegation and expressed gratitude for the IFC’s interest in engaging with his caucus.

Mahama Ayariga noted that the meeting, attended by regional chairmen of the Majority Caucus, aimed to foster collaboration between the organization and MPs to facilitate interactions between their constituents and the IFC.