The World Bank is committing US$570 million to Ghana to undertake four projects. US$557 million is in credits and a little over $12 million in grants.
They include the US$200-million Greater Accra Resilient and Integrated Development (GARID) project which is a multi-sector and transformative urban project aimed at supporting Greater Accra to become a cleaner, safer and more resilient city; and the $150-million Ghana Accountability for Learning Outcomes project aimed at improving the quality of education in low-performing basic education schools and strengthening equity and accountability of Ghana education sector.
The others are a US$200-million Ghana Economic Transformation Project meant to promote private investment and firm growth in non-resource-based sectors of the Ghanaian economy and the fourth project being additional financing for the Ghana Forest Investment Programme – Enhancing Natural Forest and Agroforest Landscapes Project, which comes with a $12.4-million grant.
According to the World Bank, the projects align well with the government’s priorities for improving the private sector space, enhancing resilience and supporting human capital and ensuring sustainability of its natural resources.
At a signing ceremony with Ghana’s Minister of Finance, Ken Ofori-Atta; World Bank Country Director, Pierre Laporte said his outfit is committed to strengthening partnership going forward, adding: “We will work with you hand-in-hand to ensure that these projects, as well as others already ongoing, are implemented timely and effectively.”
This will, in turn, result in efficient use of resources, achieve the projects’ objectives, and most importantly, positively impact the lives of the people, communities and institutions, he emphasised, explaining further that project delays are costly.
“One important aspect of the implementation process is feedback from beneficiaries. Implementing entities, thus, need to ensure there are functional grievance redress mechanisms and strong citizens’ engagement for all projects as they contribute to effective, efficient and sustainable delivery and outcomes”, said Laporte.
Source: Daily Guide
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BUT HEY, WAIT MR. TOO HAPPY. ALL THIS MONEY IS GOING TO GO DOWN THE POCKETS OF 125 GOVERNMENT MINISTERS AND NUMEROUS APPOINTEES OF WHICH MAJORITY ARE FAMILY MEMBERS OF THE PRESIDENT NANA ADDO DANKWA AKUFO ADDO. THEY ARE MILKING THE NATION DRY THROUGH HUGE SALARIES, ALLOWANCES AND TRAVEL PER DIEMS. YOU AND I WILL CONTINUE TO ENJOY OUR BIG, BIG MANHOLES ON OUR RAOADS WHICH HAVE BECOME GRAVE YARDS FOR FAMILIES UNTIL THIS BOGUS PRESIDENT AND HIS BONAFIDE NPP DISAPPEARS FROM GOVERNMENT RADAR.
Please note we are in dire times. You do not need to be PhD to know this. Printing of higher denominations tells you a lot, non payment of contractors and the rest, it tells you a lot. The world bank is not a father christmas, doling money anyhow. We should not revel in the World Bank giving us some pocket change afterall we are in bad financial times. It is the same if not worse than previous times. If you manipulate the basket of goods used to determine inflation, it only shows bias and manipulation to say the least. Hey we are in pre IMF times. we should not be under any illusion.
Where are the nation wreckers, Otukorno 3se bongai! Higher higher the world is promoting our working government! the other time it was Germany for the end and never again Dumsor, the the UK to turn Ashanti/ Kumasi into an industrialized area and now the IMF that ndc took us into to freeze every sector of our economy granting us cash to move our economy and agriculture ! when honesty and integrity works together trust and respect follows ! 4 MORE 4 NANA TO DO MORE ! NPP THE BEST!