By Deborah Pofara Luu
The International Finance Corporation (IFC), a member of the World Bank Group, has announced plans to invest approximately $600 million in Ghana’s private sector in 2025.
The funds will target the garment and agro-processing industries to promote job creation and industrial growth.
Kyle Kelhofer, IFC’s Country Director, emphasised the institution’s commitment during a meeting with Ghana’s Majority Leader in Parliament.
“We are here to support and mobilise the private sector—both local and international—to create more and better jobs,” Kelhofer stated. He highlighted the garment industry as a key area of focus, particularly for empowering women, while also pointing to opportunities in agro-processing and other industries.
The investment builds on IFC’s previous efforts, which mobilised $450 million for Ghanaian companies in 2024. “This year, we aim to increase that to $500–600 million, supporting industries, factories, and agro-processors across the country,” Kelhofer added.
Majority Leader Mahama Ayariga welcomed the initiative, noting its importance in fulfilling government commitments to job creation. “Given government financing constraints, partnerships like this are critical for creating jobs, growing the economy, and delivering on our promises to young people,” Ayariga said.
