IFC provided record financing in fiscal year 2021 in the Middle East and Africa to help thousands of small businesses access finance, connect people and businesses to reliable digital infrastructure, trade and services, and help to meet critical health needs amid the COVID-19 pandemic. The financing reached US$10.4 billion. IFC's...
“Green bond plays a fundamental role in getting us to a Netzero future. We have to do it and we have to start NOW!” – John Gandolfo (VP & Treasurer, IFC) The first time I heard of green bonds, I was baffled. I thought the color of the bond certificate...
Government, as part of efforts to ensure sustainable economic growth, jobs and income, has drawn up a strategy meant to fully retain all Foreign Direct Investments (FDIs) the nation records. The strategy has brought together regulatory bodies and government agencies which have developed a platform that would solicit and resolve...
The Securities and Exchange Commission (SEC) has introduced a series of public education programs dubbed Capital Market Financial Education Forum (CMFEF) designed for key stakeholders in the Ghanaian capital market. The first of the series begun under the theme, ‘Understanding the Mandate and Regulatory Toolkit of the SEC'. The programme...
Although developing countries attracted a record share of global foreign direct investment in 2020, finance for infrastructure and productive sectors fell significantly, weakening their COVID-19 recovery prospects. Foreign direct investment (FDI) flows to developing economies have shown relative resilience to the COVID-19 crisis, falling by just 12% in 2020 compared...
Access to finance continues to be a major hinderance to the growth of small businesses. This challenge has been attributed to small businesses inability to provide collateral to secure funding, inability to demonstrate adequate traction, inadequate knowledge and experience as well as lack of adequate information on the operations...
Man Capital LLP, an investment firm and subsidiary of the Egyptian Mansour Group, has entered into a US$120million investment agreement with Ghana’s Right to Dream football academy to boost the academy’s growth in nurturing football talents, making it the biggest investment in the history of Ghanaian football. The partnership, which...
The Nation Development Planning Commission (NDPC) has launched a long-term development framework for Ghana, dubbed the Ghana@100 Long-term Development Framework. The main aim of the Ghana@100 Long-term Development Framework is to have a democratic, inclusive self-reliant and developed country by the time Ghana is 100 in the year 2057. At...
The Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) has partnered the Alliance for a Green Revolution in Africa (AGRA) to launch a portal that provides information on agriculture to financial institutions to aid them in loan assessments relating to agric. The platform - the GIRSAL Agriculture and Agribusiness Knowledge...
Government is expected to accrue US$1.56billion as export tax from a US$60billion investment into the establishment of the Petrochemical Hub in the Western Region, a report of the select committee on Mines and Energy on the Petroleum Hub Development Corporation Bill. 2020 has revealed. According to the report presented to...

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