The Ministry of Finance has attributed the announcement of $300 million in funding for African countries including Ghana by the U.S. International Development Finance Corporation (DFC) to renewed investor confidence in the economy due to the $ 3 billion bailout approved by the International Monetary Fund (IMF).
The Corporation announced that it is using its $300 million loan facility to Africa Data Centers (ADCs), Africa’s largest network of interconnected data facilities, to construct a first-of-its-kind data centre in Ghana.
The Office of the Finance Minister tweeted “Following the #IMFDeal, the @UnitedStates has led the way to signal renewed confidence in Ghana as an attractive investment destination. We welcome the announcement of a $300m private capital investment through @DFCgov, to build a first-of-its-kind data center in Ghana.”
Following the #IMFDeal, the @UnitedStates has led the way to signal renewed confidence in Ghana as an attractive investment destination. We welcome the announcement of a $300m private capital investment through @DFCgov, to build a first-of-its-kind data center in #GhanaRising https://t.co/oxWPKPh0ss
— Office of the Finance Minister-Ghana (@oofmghana) May 20, 2023
The Board of the Fund unanimously approved Ghana’s bailout on Wednesday, May 17 at a meeting in Washington after Ghana secured the Paris Club financing assurance on Friday, May 12.
