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Friday, 23rd February 2007 (4369 views)

The International Finance Corporation (IFC) has announced plans to support local small and medium-sized enterprises involved in the Ghanaian gold mining sector.

Under the terms of the three-year agreement signed today with Newmont Ghana Gold, the IFC will support the development of local businesses in Brong-Ahafo, a region close to Newmont's gold mine.

Thierry Tanoh, IFC director of sub-Saharan Africa, welcomed the announcement.

"The mine is generating demand for a wide variety of goods and services and the linkages programme will focus on creating opportunities for local businesses to respond to the demand," he said.

Newmont's environmental affairs and sustainable development vice-president, David Baker, also welcomed the agreement with the IFC, which would maximise "local economic opportunities for the Ahafo people".

Female entrepreneurs will also be encouraged as part of the terms, which will be incorporating additional information on HIV and aids into its training activities.

 

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