IFC Commends President Mahama’s Economic Reforms
The Managing Director of the International Finance Corporation (IFC), Makhtar Diop, has commended President John Dramani Mahama for his commitment to decisive economic reforms that are reshaping Ghana’s financial outlook.
Mr Diop said the reforms have positioned Ghana for sustained growth and renewed investor confidence.
He pledged the IFC’s full readiness to support Ghana’s commercial agriculture sector and broader efforts toward building a resilient, sustainable economy.
Mr Diop made the commendation on Wednesday when he called on President Mahama at the Presidency in Accra.
The meeting discussed strengthening Ghana’s economy through strategic partnerships, with focus on scaling up commercial agriculture in cocoa, oil palm and poultry. They also covered the government’s policy to process at least 50 per cent of Ghana’s cocoa beans, other farm produce and minerals locally.
The discussions further addressed expanding the transport network, including railways, aviation and roads, and advancing digital connectivity through the Big Push Infrastructure Development programme. Critical challenges in the energy and education sectors were also on the agenda.
President Mahama, joined by the Chief of Staff and the Ministers for Finance, Energy and Trade, highlighted the positive economic turnaround achieved through prudent management and strict fiscal discipline. He noted that inflation has dropped sharply, national indebtedness has reduced, and investor confidence has been restored.
The President also announced that Ghana has secured a $300 million World Bank financing package dedicated to permanently phasing out the double-track system in Senior High Schools by the end of 2027.
Mr Diop’s visit forms part of the IFC’s ongoing engagement with Ghana to support the country’s economic transformation and private sector development.
Richard Aniagyei, ISD
