IFC Boss Affirms Commitment To Ghana’s Private Sector
EDMUND SMITH-ASANTE The Executive Vice President and Chief Executive Officer of the International Finance Corporation (IFC), Lars Thunell, has stressed that the finance institution is very much interested in the development of Ghana’s private sector. He indicated that as proof of its commitment, the IFC has increased its operations in Ghana in the last couple of years and has syndicated in addition about $70 million or so in its programmes in the country. According to Thunell, the IFC is focused on getting the benefits of its operations to the poor and other parts of the country. Speaking earlier on the institution’s work in Africa, he said; “We are very much focused on Africa and we have a series of operations here. We have increased our operations here significantly over the last couple of years”, adding, “back in 2003 we invested about $160 million and we expect to invest about $2.1 billion this year and have significant operations in neighbou...