The World Bank has sanctioned a US $360 million financing package for Ghana under its Second Resilient Recovery Development Policy Operation (DPO). This move underscores renewed confidence in the country’s ongoing economic reforms and commitment to macroeconomic recovery.
Restore Fiscal Sustainability – Strengthening government finances and fostering domestic revenue growth.
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Stabilize the Financial Sector & Empower Private Enterprise – Reinforcing trust in banks and encouraging private-sector-led economic expansion.
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Reform the Energy Sector – Promoting fiscal discipline and operational efficiency within utilities.
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Enhance Social and Climate Resilience – Investing in targeted safety nets and environmentally sound policies.
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Finance Minister Dr Cassiel Ato Forson welcomed the support as a major “vote of confidence” in Ghana’s reform journey. He highlighted how the integration of IMF-led reforms with World Bank measures has restored fiscal discipline, investor trust, and laid a solid groundwork for inclusive, shock-resistant growth.
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Robert Taliercio, Director of the World Bank’s Ghana, Liberia, and Sierra Leone operations, emphasized that embedding fiscal sustainability, boosting private investment, resolving energy sector inefficiencies, and safeguarding vulnerable populations are critical steps for long-term resilience and job creation.
Why This Matters
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Shift from Crisis to Resilience – Moving beyond emergency responses, the funding is aimed at establishing a stable, future-proof economy.
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Investor Assurance – The backing eases concerns among investors about Ghana’s fiscal health and reform direction.
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Holistic Reforms – The DPO is part of a broader strategy that aligns with IMF programs and ensures sustained improvements across fiscal, financial, energy, social, and environmental realms.
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