{"id":744,"date":"2019-08-07T14:44:19","date_gmt":"2019-08-07T14:44:19","guid":{"rendered":"https:\/\/www.africa-press.com\/ghana\/?p=744"},"modified":"2019-08-08T10:22:26","modified_gmt":"2019-08-08T10:22:26","slug":"ifc-sets-condition-for-ghana-to-become-fastest-growing-economy-in-2020","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ifc-sets-condition-for-ghana-to-become-fastest-growing-economy-in-2020","title":{"rendered":"IFC sets condition for Ghana to become fastest growing economy in 2020"},"content":{"rendered":"
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Mr S\u00e9rgio Pimenta, IFC Vice President for the Middle East and Africa, says Ghana can be one of the fastest growing economies in the world if the government maintains its prudent economic management system..<\/p>\n

He noted that looking at the financial performance of Ghana \u2013 the numbers, the macro framework and the situation in the country, had been very positive and the outlook remains very positive.<\/p>\n

\u201cI believe that Ghana has even the potential to be one of the fastest growing economies in the world next year, if all growth continues in the right directions,\u201d Mr Pimenta stated during a media interaction in Accra.<\/p>\n

\u201cThere is a very good background for private sector investment to come to Ghana. But when we look at the level of investments, both of domestic investments and foreign sector investments, clearly there is opportunity to even do more, this is why IFC can do more in attracting quality investments of companies with all the best practices who can come in and contribute to the development of the country, creating jobs for women, men and youth of the country,\u201d he added.<\/p>\n

The IFC is a sister organisation of the World Bank and member of the World Bank Group.<\/p>\n

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It is the largest global development institution focused on the private sector in emerging markets.<\/p>\n

\u201cGhana is a very important country for us, it is one of the largest exposures in the continent. It\u2019s among the top five countries in terms of exposure for IFC in Africa,\u201d he said.<\/p>\n

He said the IFC had committed over the last five years about two million dollars of financing to Ghana.<\/p>\n

He said the IFC had been active in several wide range of sectors of Ghana\u2019s economy such as infrastructure, financing institutions, agricbusiness and tourism.<\/p>\n

Mr Pimenta noted that his predictions about Ghana\u2019s prospects for next year was based on the trajectories that the government had been taking in terms of policies and reforms that had allowed growth of the economy; adding that Ghana\u2019s sustained growth over the last few years was very remarkable.<\/p>\n

On the way forward Mr Pimenta urged the government to continue with the sound economic policies, especially the fiscal discipline.<\/p>\n

He said the purpose of his visit was to look at how IFC could continue to support Ghana in the future and how it could do more to help Ghana pursue its development cause and reach even stronger performance.<\/p>\n<\/div>\n<\/article>\n<\/div>\n