President Mahama, IFC Chief Discuss Strategic Partnerships to Strengthen Ghana’s Economy
By Celestine Avi and Seth Eyiah President John Mahama has held discussions with the Managing Director of the International Finance Corporation, Makhtar Diop, on strengthening Ghana’s economy through strategic partnerships and private-sector investment. The meeting at the Presidency on Wednesday focused on scaling up commercial agriculture, particularly in cocoa, oil palm and poultry, as well […]
President John Mahama engaged in talks with International Finance Corporation (IFC) Managing Director Makhtar Diop to bolster Ghana's economic growth through private-sector investments and strategic partnerships. The meeting, held at the Presidency on Wednesday, centered on expanding commercial agriculture, focusing on cocoa, oil palm, and poultry production, as well as Ghana's pledge to process at least 50 percent of its cocoa beans, agricultural products, and minerals domestically.
Discussions also touched on enhancing Ghana's transportation infrastructure, including railways, aviation, and roads, as part of the Big Push Infrastructure Development program, alongside efforts to improve digital connectivity. Energy and education were highlighted as key sectors that require ongoing investment and support.
President Mahama, accompanied by the Chief of Staff and Finance, Energy, and Trade Ministers, emphasized a positive economic transformation driven by prudent economic management and fiscal discipline. This progress has resulted in a significant reduction in inflation, decreased national debt, and restored investor confidence.
To further transform the economy and bolster human capital, President Mahama announced Ghana's acquisition of a $300 million World Bank financing package to facilitate the permanent elimination of the double-track system in Senior High Schools by the end of 2027. The IFC's Makhtar Diop praised President Mahama's commitment to economic reforms and pledged the Corporation's readiness to support Ghana's commercial agriculture sector and broader initiatives aimed at building 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.
