Finance Minister, Dr. Cassiel Ato Baah Forson, has expressed optimism over an economic rebound following the approval of a US$360 million financing package by the World Bank to support Ghana’s macroeconomy.
According to the Minister, the fund, under the Second Resilient Recovery Development Policy Operation (DPO), signals a renewed confidence in the country’s path to recovery and reform.
It aims to restore macroeconomic stability, revive investor confidence, and reinforce structural reforms to future-proof the economy.
The fund, which was announced on Sunday, June 29, 2025, by the World Bank Board of Executive Directors, also aims at relieving Ghana from its fiscal crisis.
This will come through the International Development Association (IDA) and target urgent reform areas including fiscal sustainability, financial sector stability, energy sector discipline, and climate and social resilience.
According to Dr. Forson, the development is a major vote of confidence in Ghana’s reform journey under the IMF-supported programme.
“The successful implementation of the IMF reforms and the DPO series has laid a solid foundation for economic recovery.
“This additional support will help us deepen fiscal discipline, restore investor trust, and build a more inclusive and shock-resistant economy,” Dr. Forson said.
This also forms part of the Bretton Woods Institution’s crisis response framework for Ghana, and includes sweeping targets: restoring fiscal sustainability, supporting private-sector-led growth, stabilising the financial sector, fixing long-standing inefficiencies in the energy sector, and boosting climate and social resilience.
The World Bank’s Director for Ghana, Liberia, and Sierra Leone, Robert Taliercio, emphasised the urgency of the reforms, stressing on its impact on the private sector and improving the lives of Ghanaians.
“Entrenching fiscal and debt sustainability, creating jobs through private investment, and protecting the most vulnerable remain urgent priorities.
“These are essential steps to revitalise Ghana’s domestic private sector, strengthen resilience to climate change, and improve the lives of ordinary Ghanaians,” Taliercio indicated.
It is expected that the reforms will boost domestic revenue generation, streamline energy sector operations for greater efficiency, and embed climate considerations into national policy-making.
