Grapevine

World Bank set to disburse $1bn to Ghana to help stabilise economy

The World Bank is planning to disburse US$1 billion over the next 12 months to help in stabilising Ghana’s economy, and support private businesses.

This is in addition to a $1.6 billion already disbursed for Ghana since last year to support the economy.

The World Bank has also indicated that is satisfied with measures being implemented by government to help stabilise the economy, a development that has influenced the disbursements to support projects identified in the budget and other initiatives aimed at reducing poverty.

This was disclosed by the Country Director of the World Bank, Robert O’ Brien on PM EXPRESS BUSINESS Edition with host George Wiafe on August 15, 2024.

Mr. O’Brien revealed that there is also a separate allocation of $5 billion under the World Bank Group for social intervention programmes and infrastructure projects.