Ghana to benefit from the US government’s $300 million grant to construct a pioneering data center in Accra.
The U.S. International Development Finance Corporation (DFC) has announced $300 million in funding for African countries including Ghana.
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 Ministry of Finance confined that Ghana was benefiting from this facility as a result of the renewed investor confidence in the economy due to the $3billion bailout approved by the International Monetary Fund (IMF).
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