World Bank MD Visits Ghana’s Finance Ministry, Pledges Sector Support

Managing Director of the World Bank Group Visits Ghana’s Finance Ministry, Pledges Support for Key Sectors

The Managing Director and Chief Administrative Officer of the World Bank Group, Wencai Zhang, paid a courtesy call on Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, at the Finance Ministry on Friday.

The meeting focused on deepening cooperation between Ghana and the World Bank in critical areas such as agriculture, transportation, and energy.

Dr. Forson appealed to the World Bank for increased support in these sectors, which he described as essential to the country’s long-term economic growth and development.

He also proposed the establishment of a World Bank regional hub in Ghana to enhance collaboration and facilitate timely implementation of development projects.

Mr. Zhang reiterated the World Bank’s commitment to supporting Ghana, particularly in agriculture, which he identified as a key priority for the institution.

He noted that the World Bank has significant experience in agricultural transformation and is well-positioned to assist Ghana in evolving its agricultural sector.

He also disclosed that the Bank is currently working on initiatives aimed at boosting Ghana’s energy sector.

The visit forms part of ongoing engagements between Ghana and the World Bank aimed at strengthening development cooperation and driving inclusive economic growth.