IFC Managing Director Makhtar Diop to Visit Ghana
The Managing Director of the International Finance Corporation (IFC), Makhtar Diop, will visit Ghana from September 15–17, 2026, to engage public and private sector leaders on how the World Bank Group can mobilise greater private investment to support Ghana’s development priorities, strengthen businesses and create more and better jobs. During the visit, Mr Diop will … The post IFC Managing…
IFC Managing Director Makhtar Diop is scheduled to travel to Ghana from September 15–17, 2026, to meet with leaders from both the public and private sectors. The purpose of his visit is to discuss how the World Bank Group can attract more private investment to support Ghana's development goals, enhance business competitiveness, and create more job opportunities.
During his time in Ghana, Diop will hold discussions with senior government officials, business leaders, entrepreneurs, civil society representatives, academic institutions, and members of the country's creative sector. These conversations will focus on identifying opportunities and challenges influencing private sector expansion in Ghana.
The itinerary for Diop's visit includes high-level engagements and partnership announcements across various sectors, such as agribusiness, education, youth employment and skills development, access to finance, industrial development, renewable energy, and the creative economy. The IFC's involvement in Ghana aims to bolster businesses, bolster domestic value chains, increase access to finance, and foster growth for farmers, entrepreneurs, women-owned businesses, and other underserved groups.
Notable recent IFC initiatives in Ghana have encompassed financing to enhance credit availability across the cocoa sector, promoting food security, investments in manufacturing, recycling, renewable energy, and industrial infrastructure, as well as supporting small and medium-sized enterprises with investment and advisory assistance.
In fiscal year 2026, IFC allocated $670 million through its own resources and mobilization, a notable increase from $61 million in 2021. The International Finance Corporation (IFC), a component of the World Bank Group, is the world's foremost development institution specializing in private sector development within emerging markets.
It operates in over 100 countries, employing its capital, expertise, and influence to forge markets and opportunities in developing nations. Since assuming his position as IFC Managing Director on March 1, 2021, Diop has championed private sector-led development to align with the World Bank Group's mission of alleviating poverty and fostering inclusive prosperity in a sustainable manner.
Prior to his tenure at IFC, Diop held various roles within the World Bank, including Vice President for Infrastructure (2018-2021) and Vice President for Africa (2014-2021). Diop has also served as Senegal's Minister of Economy and Finance, contributing to structural reforms that bolstered the country's economic expansion. Diop's leadership at IFC has been characterized by a commitment to sustainable and inclusive growth, with a particular focus on infrastructure, digital transformation, healthcare, renewable energy, financial inclusion, and innovative financing mechanisms aimed at attracting private capital to high-impact projects.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
