World Bank approves $360m to support Ghana’s economic recovery

The World Bank has approved a $360 million financing package aimed at supporting Ghana’s economic recovery and reform efforts. 

The funding falls under the Second Resilient Recovery Development Policy Operation (DPO), which is part of the Bank’s broader assistance to countries navigating post-crisis rebuilding.

According to a statement issued on Monday, the financing seeks to contribute to macroeconomic stabilisation, boost investor confidence, and reinforce key structural reforms. The operation is also expected to support efforts toward long-term economic resilience.

The World Bank Board of Executive Directors endorsed the financing, which will be disbursed through the International Development Association (IDA). The funds are directed at policy and institutional areas considered critical to Ghana’s recovery, including fiscal sustainability, financial sector stability, energy sector reforms, and climate and social resilience.

Finance Minister Dr. Cassiel Ato Forson described the approval as a positive signal for Ghana’s reform programme under the International Monetary Fund (IMF).

“The successful implementation of the IMF reforms and the DPO series has laid a solid foundation for economic recovery. This additional support will help us deepen fiscal discipline, restore investor trust, and build a more inclusive and shock-resistant economy,” he said.

The DPO is positioned as a central component of the World Bank’s crisis-response strategy for Ghana. It outlines broad policy goals such as restoring fiscal balance, promoting private-sector-led growth, stabilising the financial system, addressing inefficiencies in the energy sector, and strengthening climate and social safeguards.

Robert Taliercio, the World Bank’s Director for Ghana, Liberia, and Sierra Leone, stressed the importance of sustained reform momentum.

“Entrenching fiscal and debt sustainability, creating jobs through private investment, and protecting the most vulnerable remain urgent priorities. These are essential steps to revitalise Ghana’s domestic private sector, strengthen resilience to climate change, and improve the lives of ordinary Ghanaians,” Taliercio stated.

Additional focus areas under the programme include revenue mobilisation, improved energy sector governance, and integration of climate considerations into policymaking.

The financing forms part of a gradual transition from emergency economic interventions to policies designed to promote long-term stability and resilience in Ghana’s economic management.