(Ecofin Agency) - The International Finance Corporation (IFC) announced a $2.5 million investment in New Crystal Health Services Limited, a private health services provider operating in Ghana. The funds will be used to support the development of the company.
New Crystal Health plans to upgrade its network of clinics, expand its range of diagnostic services and build new facilities in Ashaiman and Tema in Ghana. It hopes to increase the annual average number of patients from 227,000 to 350,000.
“This investment by IFC will help us accelerate the implementation of our vision to increase access to affordable high-quality healthcare in Ghana. In addition to financing, IFC will also provide us with advisory services in certain operational areas as we continue to grow our business,” commented Dr. Wisdom Amegbletor, Managing Director of New Crystal Health.
This operation represents IFC's first commitment to the health care sector in Ghana. By the end of December 2019, the financial institution had committed more than $165 million to healthcare companies operating in sub-Saharan Africa.