Vacancy: Palladium Job Vacancy : Local Advisor on Foreign Impact Investment

The World Bank estimates that Africa’s infrastructure funding deficit alone approximates US$100 billion per year. Ghana is not immune from this. President Akufo-Addo was in the US in February 2018 to, among other things, encourage US investors and institutions to come to Ghana and invest in businesses, infrastructure, and other critical sectors. Ghana has been actively courting international investors to build capital flows into the developing economy as local institutional capital, despite being close to approximately US$2 billion, is scarce in terms of needs.   Ghana, to some degree, has made another step forward to facilitate mobilizing outside capital by announcing on March 4, 2018 through the Ministry of Finance, that it has committed US$50 million – of which US$10 million was just funded, to its membership in the Africa Finance Corporation (AFC). This entity provides its member nations with access to capital at potentially favorable terms. AFC can do this with its capital base. It has made $3 billion in commitments to projects with $2.6 billion funded. Its members effectively benefit from AFC’s own access to good credit terms based on a strong credit rating internationally. This mobilizes cheaper financing with AFC’s participation.