IFC backs Ghana’s commercial agriculture and local processing drive
By Celestine Avi and Seth Eyiah Ghana’s drive to expand commercial agriculture and increase local processing of cocoa and other raw materials has featured prominently in discussions between President John Dramani Mahama and the Managing Director of the International Finance Corporation, Makhtar Diop. The meeting at the Presidency on Wednesday focused on scaling up investment […]
The International Finance Corporation (IFC) has expressed support for Ghana's ambitious plan to boost commercial agriculture and improve local processing of cocoa and other raw materials. President John Dramani Mahama and Makhtar Diop, the Managing Director of the IFC, met to discuss scaling up investment in key agricultural sectors like cocoa, oil palm, and poultry. They also aimed to create opportunities for value addition and job creation within the industry.
During the discussions, the IFC and government explored ways to expand Ghana's transport network, including roads, railways, and aviation. They also focused on strengthening digital connectivity as part of the Big Push Infrastructure Development Programme. Energy and education sector challenges were also part of the conversation.
President Mahama reported improvements in key economic indicators, such as declining inflation, reduced national debt, and restored investor confidence. He announced a 300-million-dollar World Bank financing package to permanently phase out the double-track system in Senior High Schools by the end of 2027.
Makhtar Diop praised Ghana's economic reform efforts and pledged the IFC's support for the country's commercial agriculture sector and other initiatives to build a resilient and sustainable economy.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
