The International Finance Corporation (IFC) is strengthening its commitment to Ghana's small and medium-sized enterprises (SMEs) through strategic investments and partnerships.
Ms. Khalifa highlighted the impact of such initiatives, citing a garment company that has created 7,000 jobs, benefiting households with stable incomes. She emphasized IFC's vision for Ghana as a regional hub for garment production.
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In a bid to expand SME financing, IFC has partnered with Access Bank on a $20 million facility, prioritizing women-led businesses. Additionally, IFC is channeling private equity and venture capital into high-growth startups through direct investments in Ghana-based Oasis Capital and 4DX Ventures, supporting sectors like fintech and logistics.
Ms. Khalifa described Ghana as being at an "inflection point" for economic growth, fueled by private-sector expansion and government-backed business reforms. "There is a unanimous sense that Ghana is on an upward trajectory," she noted.
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