President John Dramani Mahama has held a high-level bilateral meeting with the Managing Director of the International Finance Corporation (IFC), Makhtar Diop, to discuss opportunities to deepen cooperation and support Ghana’s economic transformation.
The discussions focused on strengthening Ghana’s commercial agriculture sector, particularly in cocoa, oil palm and poultry production.
President Mahama reiterated his government’s commitment to industrialisation and said Ghana would pursue a policy of processing at least 50 per cent of its cocoa, agricultural produce and mineral resources locally.
According to the President, the policy is aimed at creating sustainable jobs, particularly for the country’s youth, while adding value to Ghana’s natural resources.
The meeting also explored opportunities for the IFC to support the government’s Big Push infrastructure programme, with particular attention to railway, aviation and road network development.
Other areas discussed included investments in energy, digital connectivity and education.
President Mahama further disclosed that Ghana, through its collaboration with the World Bank, had secured a $300 million financing package to permanently end the double-track system in Senior High Schools by the end of 2027.
He said the initiative formed part of efforts to address critical infrastructure gaps in the education sector and improve access to quality secondary education.
President Mahama also highlighted what he described as positive developments in Ghana’s economy, noting that the government’s commitment to prudent economic management and fiscal discipline was beginning to yield results.
He pointed to a decline in inflation, reduced national indebtedness and a resurgence in investor confidence as signs of improving economic conditions.
