International Finance Corporation has announced it will support Ghana–based healthcare provider, Nyaho Medical Centre with $5.2 million for its expansion outside Accra.
The loan facility from the IFC will enable Nyaho Medical Centre expand and build primary and urgent care units to other regions as Takoradi and Kumasi and also Ghana’s industrial and harbor city Tema.
Elikem Tamaklo who is managing director of Nyaho was very excited about the facility and IFC involvement and said “The partnership with IFC is very instrumental in achieving our mission of transforming lives of patients and inspiring hope for a better Africa. The impact of the coronavirus pandemic is testament to the need for improving access to quality healthcare in Ghana.”
Ronke Ogunsulire, IFC Country Manager for Ghana, said, “We’re pleased to support Nyaho’s expansion, particularly during this COVID-19 pandemic, because it will address the growing demand for quality medical services in Ghana. Our experience from around the world shows that in countries like Ghana the combination of public and private health care solutions helps improve access to services and quality of life.”
In addition to monetary financing, IFC has been providing technical support in terms of consultaion services to Nyaho on continuing to improve quality facilities through IFC’s Healthcare Quality Assessment Tool, and on receiving IFC’s Excellence in Design for Greater Efficiencies (EDGE) certification.
The IFC has invested about US$ 2 billion in health companies in emerging markets. Under this, Sub- Saharan Africa garnered more than US$165 million as at December 2019.