World Bank backs Ghana $360m to strengthen macroeconomic stability

• Posted on June 30, 2025June 30, 2025
• by Nana Kwesi Coomson
• Comment

The World Bank has approved a $360 million financing package to support Ghana’s economic rebound, a move that signals renewed confidence in the country’s path to recovery and reform.

The funding, under the Second Resilient Recovery Development Policy Operation (DPO), aims to restore macroeconomic stability, revive investor confidence, and reinforce structural reforms to future-proof the economy.

Announced today, the approval by the World Bank Board of Executive Directors marks a significant boost to Ghana’s ongoing effort to rebuild from its fiscal crisis.

The funds 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.

Finance Minister Hon. Cassiel Ato Forson welcomed the support, describing it as 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,” he said.

The operation is a key part of the World Bank’s broader 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.

Robert Taliercio, the World Bank’s Director for Ghana, Liberia, and Sierra Leone, emphasised the urgency of the reforms.

“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 stated.

The approved reforms also aim to boost domestic revenue generation, streamline energy sector operations for greater efficiency, and embed climate considerations into national policymaking.

The initiative underscores the growing shift from crisis firefighting to building long-term resilience and sustainability in Ghana’s economic architecture.