ELS; MBN360 ECONOMY
President John Mahama has held discussions with the Managing Director of the International Finance Corporation, Makhtar Diop, on strengthening Ghana’s economy through strategic partnerships and private-sector investment.
The meeting at the Presidency on Wednesday focused on scaling up commercial agriculture, particularly in cocoa, oil palm and poultry, as well as government’s policy to process at least 50 percent of Ghana’s cocoa beans, other agricultural produce and minerals locally.
The discussions also covered the expansion of Ghana’s transport infrastructure, including railways, aviation, and roads, under the Big Push Infrastructure Development programme, alongside efforts to improve digital connectivity.
Energy and education were also identified among the key sectors requiring continued investment and support.
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President Mahama, who was joined by the Chief of Staff and the Ministers for Finance, Energy and Trade, highlighted what he described as a positive economic turnaround driven by prudent economic management and fiscal discipline.
He said the measures have contributed to a significant decline in inflation, reduced national indebtedness, and renewed investor confidence.
As part of efforts to transform the economy and strengthen human capital, President Mahama announced that Ghana has secured a 300-million-dollar World Bank financing package to support the permanent elimination of the double-track system in Senior High Schools by the end of 2027.
The IFC Managing Director, Makhtar Diop, commended President Mahama for his commitment to economic reforms and expressed the Corporation’s readiness to support Ghana’s commercial agriculture sector and broader efforts to build a resilient and sustainable economy.
