World Bank approves $300 million Resilient Recovery Development Policy Financing for Ghana

The World Bank has approved a $300 million Resilient Recovery Development Policy Financing for Ghana. The contribution by the International Development Association (IDA) will help Ghana’s economic recovery and also support its resilient and inclusive growth.

“The Government of Ghana remains committed to restoring macroeconomic stability and to the implementation of lasting reforms to set the economy on a path of strong long-term sustainable growth and transformation. The disbursement of this $300 million Development Policy Financing, the first in a series of three, will play a vital role in easing Ghana’s fiscal constraints, sustaining the momentum of economic recovery while protecting the poor and vulnerable,” said Honorable Ken Ofori-Atta, Minister of Finance for Ghana in a release.