IFC-World Bank to invest $600m in govt’s job creation agenda

IFC, part of the World Bank, plans to invest around $600 million in Ghana’s private sector to boost job creation and economic growth, focusing on the garment and agro-processing industries.

In a recent meeting with Parliament’s Majority Leader, IFC Country Director Kyle Kelhofer highlighted the importance of leveraging both local and international investments to create more quality jobs, especially for women in the garment sector.

He noted that following $450 million financed in 2024, the increased commitment in 2025 reflects expanding industrial opportunities. Kelhofer stressed that this funding would support Ghana’s industrial development by stimulating private sector growth and enhancing sector competitiveness.

Majority Leader Mahama Ayariga emphasized that the investment would help the government meet its job creation promises and drive sustainable economic development.