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NewsWorld Bank expects more donor support for Ghana

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World Bank expects more donor support for Ghana

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The World Bank has announced that its recent disbursements to Ghana are expected to catalyze additional donor funding and private capital investment for the country.

Since January, the World Bank has disbursed over $800 million, with more expected before the end of the year.

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David Elmaleh, a Senior Economist at the World Bank Group, expressed optimism that the approval of these funds would encourage other donor partners to join in supporting Ghana’s economic recovery programme.

“The fact that the World Bank approves this operation is in fact a recognition of the reform programmes enacted by the government and the fact that it’s starting to bear fruits”, he said.

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Mr. Elmaleh also projected an economic recovery for Ghana in the near future due to the support provided by the World Bank.

He assured that the Bretton Woods institutions would continue to collaborate to assist developing countries like Ghana.

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“The reforms that we’ve supported will help to further advance the country and could attract the support of others. I think that the World Bank as an institution is aware that this crisis has been very difficult for Ghanaians. We are doing everything we can jointly with partners to help get out of this crisis”.

Mr. Elmaleh emphasized the World Bank’s expectation for the Ghanaian government to invest in areas that will reduce poverty and create jobs.

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