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Government, IFC to hold retreat on Ghana CARES “Obaatanpa” programme

Kent Ofori-Atta

Kent Ofori-Atta

The Government of Ghana and the International Finance Corporation (IFC) is poised to hold a two-day retreat to strategize on how to align IFC’s medium term strategy to the priority areas outlined in the GHC100 billion Ghana Coronavirus Alleviation and Revitalization of Enterprises Support (CARES) “Obaatanpa” programme.

The workshop, to be held from 9th to 10th June, 2021 will among others, discuss the government’s strategic plan for private sector development and unlocking long-term growth capital to support Ghanaian Micro, Small and Medium Sized Enterprises (MSME) under a synergized CARES and IFC Ghana Strategy.

IFC’s vice-president for Middle East and Africa, Sérgio Pimenta, will lead the IFC team, with the Minister for Finance, Hon. Ken Ofori-Atta leading the Government team. Also scheduled to participate in the workshop are the Ministers for Trade & Industry, Food & Agriculture, Communication & Digitalization and Works & Housing.

Private Sector representatives, and Government agencies such as the Bank of Ghana, Ghana Investment Promotion Centre (GIPC), Ghana Infrastructure Investment Fund (GIIF), and Ghana Export-Import Bank (EXIM), are also scheduled to participate.

Some of the critical areas for the deep dive sessions include Agriculture and Agri-business, affordable housing, infrastructure financing and development, Entrepreneurship, manufacturing, and digitalization.

The Ghana CARES “Obaatanpa” programme was launched in November 2020, as the government’s response to mitigate the negative impact of the COVID-19 pandemic and return the economy to a path of robust and sustainable growth over the next 3 years.

At the end of the retreat, participants will agree on IFC priorities aimed at supporting the government’s transformation agenda over the medium term.

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