PRIVATELY-owned Swiss commodity trading giant Vitol has applied to the International Finance Corporation (IFC), a World Bank affiliate, for $300 million of debt finance to help fund its share of costs for the Sankofa-Gye Nyame project off Ghana.
After considering the project’s benefits and assessing potential governance risks, the IFC decided to offer support and has scheduled a board meeting for 22 July to consider Vitol’s application.
