The World Bank Group has committed to investing more than $3 billion in Ghana’s economy to support economic growth, with a focus on agriculture, energy, education and private sector development.
Mr Paschal Donohoe, Managing Director of the World Bank Group, said the institution was working closely with the Government of Ghana and the private sector to support investment and lending aimed at expanding economic activity and creating jobs.
Speaking in Parliament during an engagement with Mr Bernard Ahiafor, First Deputy Speaker of Parliament, Mr Donohoe emphasised the Bank’s commitment to building a long-term and sustainable partnership with Ghana.
He said the World Bank planned to publish a report on growth and jobs while supporting key sectors such as agriculture, irrigation, transport and skills training to improve productivity and employment opportunities.
“This is a relationship of partnership where we share the ambition that you have for your economy and for your people,” he said.
The Managing Director also highlighted the Bank’s continued investment in education, noting that strengthening human capital and equipping young people with relevant skills remained a key priority.
Mr Donohoe said the institution intended to deepen its engagement with the Government of Ghana to strengthen cooperation and support long-term economic stability and growth.
Mr Alexander Kwamena Afenyo-Markin, Minority Leader in Parliament, called for structured and equal inclusion of both Majority and Minority committee members in capacity-building initiatives supported by development partners.
Mr Mahama Ayariga, Majority Leader, welcomed the proposed investment, particularly in agriculture, and urged the private sector to take advantage of the improving economic environment to expand operations and create more jobs.
He noted that sustained investment in productive sectors would help strengthen Ghana’s economy while creating opportunities for businesses and young people across the country.
