IFC assists Ghanaian enterprises with $111.22m

International Finance Corporation (IFC), the private sector arm of the World Bank Group, is assisting 6 Ghanaian enterprises with a total funding of 111.22 million dollars to enable them expand their operational activities this year, the High Street Journal (HSJ) said.

Ghana Telecom Limited (GT), which has secured 100 million- dollar facility tops the list. The IFC assistance will part-finance a 216 million-dollar project which will enable the nation's GT expand its operations Five other companies, including the SSB Bank Limited ($10m) and NIIT Computer Training School ($230,000) and Enterprise Life Assurance Company Limited ($250,000) are benefiting from the donor assistance.

The IFC has since 1988 invested in several companies and organisations in Ghana, top on the list being the Ashanti Goldfields Company Limited.