Home World IFC announces $2.5 million assist for New Crystal

IFC announces $2.5 million assist for New Crystal


The Global Finance Company has introduced a $2.5 million investment in New Crystal to aid the growth of the personal healthcare group, which supplies superior-high quality medical products and services to reduce-middle-money and minimal-revenue patients and family members in and around Ghana’s capital, Accra.

IFC’s mortgage, its very first in Ghana’s healthcare sector, will
assist New Crystal up grade its current network of six clinics, include new
facilities in Accra’s rapid-expanding suburbs of Ashaiman and Tema, and broaden
its suite of diagnostic services.

New Crystal gives a vary of services, like basic
clinical treatment, antenatal, obstetrics, gynecology, dentistry, laboratory and
x-ray, pharmaceutical, and basic in-affected individual services. It aims to increase the
selection of sufferers it serves each year from 227,000 to 350,000 as a result of
IFC’s assistance.

Founder and CEO of New Crystal, Dr. Knowledge Amegbletor stated,
“This financial commitment by IFC will help us accelerate implementation of our eyesight to
raise obtain to inexpensive superior-quality healthcare in Ghana. In addition to
funding, IFC will also offer us with advisory providers in particular
operational locations as we proceed to mature our organization.”

IFC Region Supervisor for Ghana, Ronke Ogunsulire stated, “The
coronavirus pandemic is highlighting the urgent need to have to fortify well being
techniques to provide all segments of modern society. The personal sector has an significant
function to enjoy in delivering well being products and services and IFC is happy to aid New
Crystal’s impressive and productive health care product.” 

IFC has an active portfolio of about $2 billion in health care companies in rising marketplaces, such as more than $165 million in sub-Saharan Africa as of December 2019.

By these investments, IFC allows personal suppliers meet the soaring demand for healthcare and supports governments in their aim of achieving common well being protection.

About IFC

IFC—a sister group of the Planet Financial institution and member of
the Globe Lender Group—is the premier world wide progress institution targeted on
the personal sector in emerging marketplaces. We function with a lot more than 2,000 companies
worldwide, working with our money, abilities, and affect to build markets and
prospects where they are wanted most.

In fiscal year 2019, we sent additional than $19 billion in
extended-expression financing for providers in creating international locations, leveraging the electricity
of the non-public sector to stop intense poverty and increase shared prosperity.

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