The Vice President, Kwesi Bekoe Amissah-Arthur has urged the International Finance Corporation (IFC) to expand its operations to support more local businesses.
According to him, although Ghana acknowledges the significant financial support from the Corporation to the country, it is time for the IFC to double its financial aid to include a wider scope of local businesses.
The Vice President made these remarks during a courtesy call on him by the IFC Vice President for Sub-Saharan Africa, Latin America and the Caribbean Jean Philippe Prosper at Flagstaff House in Accra.
Ghana now has seen an excellent performance in the various economic indicators over the years and that he believes cannot rule out the contributions of small medium scale enterprises.
The Vice President particularly singled out Small to Medium Scale Enterprises (SME) where he called for more assistance for them in order to expand their capacities.
He said, the SME’s need to be encouraged and supported to grow. That he said falls in line with President Mahama’s vision to develop the capacities of local Small to Medium Scale Enterprises.
For his part, the IFC Vice President for Sub-Saharan Africa, Latin America and the Caribbean Jean Philippe said the IFC had enjoyed a stronger partnership with Ghana over the years and indicated his commitment to deepen that partnership for mutual benefit.
He expressed happiness at the work of the corporation in the Country and hinted that the IFC projects 4.5 billion dollars as support for sub-Saharan Africa alone this year.
The Director of the International Monetary Fund (IMF)’s African Department, Antoinette Sayeh was at the Flagstaff House to formally exntend invitation to the Vice President Kwesi Bekoe Amissah-Arthur for this years’ Regional Economic Outlook.