The World Bank has approved a $360 million financing package to support Ghana’s economic rebound, signalling renewed confidence in the country’s path to recovery and reform.
The funding, approved under the Second Resilient Recovery Development Policy Operation (DPO), is geared towards restoring macroeconomic stability, reviving investor confidence, and reinforcing structural reforms to secure long-term resilience.
The announcement was made by the World Bank Board of Executive Directors and is seen as a major boost for Ghana’s ongoing efforts to emerge from its fiscal crisis.
Channelled through the International Development Association (IDA), the support targets urgent reform areas such as fiscal sustainability, financial sector stability, energy sector discipline, and climate and social resilience.
Ghana’s Minister for Finance, Hon. Cassiel Ato Forson, welcomed the development, describing it as a clear endorsement of the country’s reform agenda under the IMF-supported programme. “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 initiative forms part of the World Bank’s broader crisis response framework for Ghana and seeks to address a wide range of structural issues. These include restoring fiscal sustainability, enabling private-sector-led growth, stabilising the financial sector, improving efficiency in the energy sector, and enhancing both climate and social resilience.
Robert Taliercio, the World Bank’s Director for Ghana, Liberia, and Sierra Leone, highlighted the critical importance of the reforms. “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.
The reforms will also focus on enhancing domestic revenue mobilisation, streamlining the operations of the energy sector, and integrating climate considerations into policymaking an approach that reflects a broader shift towards building long-term economic resilience rather than managing short-term crises.
