Accra, Ghana, July 8, 2020 –
IFC, a member of the World Bank Group, today announced a $5.2 million loan
to Nyaho Medical Centre to support the Ghanaian health care provider’s
expansion outside Accra and the upgrade of its existing hospital so it
can better serve its patients.
IFC’s loan, which comes as access to
quality health services is more important than ever because of COVID-19,
will help Nyaho establish primary and urgent care facilities in the cities
of Tema, Takoradi, and Kumasi, and upgrade its main hospital in Ghana’s
Dr. Elikem Tamaklo, Managing Director
of Nyaho, 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 financing, IFC has been
advising Nyaho on continuing to improve the quality of its facilities through
IFC’s Healthcare Quality Assessment Tool, and on receiving IFC’s Excellence
in Design for Greater Efficiencies (EDGE) certification.
The Healthcare Quality Assessment Tool
helps hospitals and clinics, especially in emerging markets, achieve better
patient safety, clinical quality, and care outcomes. EDGE certification
will mean the facilities are designed and built in a way that reduces energy
and water consumption and uses sustainable building materials.
IFC has an active portfolio of about
$2 billion in healthcare companies in emerging markets, including more
than $165 million in sub-Saharan Africa, as of December 2019. Through these
investments, IFC helps private providers support governments in their goal
of reaching expanded or universal health coverage.
IFC—a sister organization of the World
Bank and member of the World Bank Group—is the largest global development
institution focused on the private sector in emerging markets. We work
with more than 2,000 businesses worldwide, using our capital, expertise,
and influence to create markets and opportunities where they are needed
most. In fiscal year 2019, we delivered more than $19 billion in long-term
financing for companies in developing countries, leveraging the power of
the private sector to end extreme poverty and boost shared prosperity.
For more information, visit www.ifc.org.