The World Bank Group has announced plans to invest more than $3 billion in Ghana’s economy, targeting key sectors including agriculture, energy, education and private sector development.
The Managing Director of the World Bank Group, Paschal Donohoe, revealed this during an engagement in Parliament. He noted, the institution is working closely with the government and private sector to expand investment and lending opportunities.
“We are working with the government and with your private sector to look at how we can support them in investment and in lending,” he stated.
Mr. Donohoe made the remarks during a meeting with the First Deputy Speaker of Parliament, Bernard Ahiafor where he emphasised the Bank’s commitment to building a long-term partnership with Ghana.
He indicated that the World Bank is preparing a report focused on economic growth and job creation, with investments planned in agriculture, irrigation, transport and skills training.
“This is a relationship of partnership where we share the ambition that you have for your economy and for your people,” he added.
The Managing Director also highlighted ongoing support for Ghana’s education sector, aimed at equipping young people with skills needed for the future economy.
Meanwhile the Minority Leader, Alexander Kwamena Afenyo-Markin called for equal inclusion of both Majority and Minority members in capacity-building programmes.
On his part, the Majority Leader, Mahama Ayariga welcomed the investment particularly in agriculture, and urged the private sector to leverage the country’s stability to expand operations and create employment opportunities.