The World Bank has released $360 million to Ghana, giving the government fresh support to strengthen the economy and create jobs. The money comes from the Bank’s International Development Association (IDA) and is part of the Second Resilient Recovery Development Policy Financing operation, a plan designed to help Ghana recover from recent financial challenges and build a stronger foundation for the future.
According to JoyNews, the funds were sent on Thursday, September 11, 2025, after being approved by the World Bank’s Board in June and Ghana’s Parliament in July. While the approvals happened months ago, the money arrived on Thursday, ready to be used for important programmes across the country. The operation is part of a broader World Bank effort to help Ghana respond to crises and become more resilient to future shocks.
Finance Minister Dr. Cassiel Ato Forson, in remarks made earlier, welcomed the support, saying the funds would help promote fiscal discipline, increase government revenue, reduce budget pressures, and make the economy stronger and more inclusive. Other government officials also said the money would free up resources to support households, small businesses, and public services.
The World Bank said the financing would also help stabilise the banking system, promote private business growth, and improve the management of the energy sector, which has struggled with debts and inefficiencies. The plan also supports reforms to protect vulnerable people and consider climate-related risks, helping ensure that Ghana’s growth is sustainable. This funding is part of a larger World Bank package that includes investment loans and technical assistance, and it complements Ghana’s programme with the International Monetary Fund (IMF).
The Finance Committee of Parliament, in a report said the loan is part of a bigger package to support Ghana’s recovery and reinforce earlier reforms under the first Resilient Recovery programme. Officials said the funds would help the government pay arrears, support agriculture and small businesses, and maintain social programmes, while economists added it would also help stabilise the cedi by easing pressure on the central bank.
Now that the funds have been released, Ghana can begin putting these plans into action, giving ordinary citizens hope for more stable prices, better public services, and stronger support for jobs and livelihoods.
