Ghana will be benefiting from the U.S. International Development Finance Corporation’s (DFC) $300 million funding for African countries.
Through the U.S. International Development Finance Corporation (DFC), data centres will be built in some countries in Africa.
The Corporation is preparing to construct the first-of-its-kind data centre in Ghana via the $300 million loan facility to Africa Data Centers (ADCs), Africa’s largest network of interconnected data facilities.
In a new tweet, the Ministry of Finance revealed Ghana was benefiting from this facility as a result of the renewed investor confidence in the economy due to the $ 3 billion bailout approved by the International Monetary Fund (IMF).
The Office of the Finance Minister wrote on Twitter: “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.”
Ghana’s IMF bailout was approved unanimously by the Board of the Fund on Wednesday, May 17 at a meeting in Washington after Ghana secured the Paris Club financing assurance on Friday, May 12.