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Ghana secures $360m World Bank support to strengthen IMF-backed reforms

by theoverseer
September 12, 2025
in Economy, FINANCE, National
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Ghana secures $360m World Bank support to strengthen IMF-backed reforms
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Ghana has secured $360 million from the World Bank to support its ongoing economic reforms and recovery efforts under the IMF programme.

The funds, disbursed on Thursday, September 11, 2025, are expected to help stabilize the economy, strengthen fiscal discipline, and boost private sector-led growth.

This latest injection forms part of the Second Resilient Recovery Development Policy Financing (DPO2), approved by the World Bank in June.

Combined with last year’s $300 million package, total support under the policy operation now stands at $660 million.

The World Bank said the initiative is designed to reinforce macroeconomic stability, safeguard the financial system, improve governance in the energy sector, and enhance climate and social resilience.

It noted the programme “aims to restore investor confidence, accelerate economic growth, maintain macroeconomic stability, and create a more resilient and inclusive economy.”

Finance Minister Dr. Cassiel Ato Forson welcomed the funding, describing it as proof of Ghana’s progress under the IMF-backed reforms.

He stressed that the policy operation is already yielding results by improving fiscal management, rebuilding confidence, and setting the stage for inclusive growth.

The Ministry of Finance said the inflows will be directed into priority programmes, particularly those that stimulate private sector investment, create jobs, and shield the economy from external shocks.

According to the World Bank, the reform agenda will also focus on boosting domestic revenue mobilization, improving public financial management, and fostering a more business-friendly environment.

The IMF has echoed confidence in Ghana’s progress. Communications Director Julie Kozack noted: “Growth continues to outperform expectations, with Ghana’s external position showing further significant improvement.”

She, however, cautioned: “Ghana will need to continue on the path of reform. Boosting domestic revenue, strengthening public financial management, and maintaining overall fiscal discipline are essential to lock in the recent gains.”

The disbursement forms part of the World Bank’s Country Partnership Framework with Ghana, which supports sustainable development, poverty reduction, and inclusive prosperity.

With the funds now in government accounts, focus is on how quickly and efficiently they will be deployed to stabilize the economy, rebuild investor trust, and chart a path toward long-term resilience.

Tags: Finance MinistryGhana NewsIMF ReformsWorld Bank
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