World Bank releases $360m for Ghana’s economic recovery and growth

Ghana has received about $360 million from the World Bank’s International Development Association (IDA).

This follows the Bank’s approval of the credit facility in June this year, and the Parliament of Ghana’s ratification in July.

The funds, released on September 11, form part of the Second Resilient Recovery Development Policy Financing operation, aimed at assisting the government in restoring macroeconomic stability while laying the groundwork for sustainable economic growth and job creation, JoyBusiness has reported.

This funding initiative is integral to the World Bank’s broader strategy for crisis response and resilience in Ghana. It is designed to facilitate the country’s recovery from recent economic challenges and enhance its long-term resilience.

The main objectives of this support include:

Restoring fiscal sustainability;
Supporting financial sector stability and private sector development;
Improving energy sector financial discipline; and
Strengthening social and climate resilience.

The World Bank has outlined that the specific reforms backed by this program will encourage fiscal discipline, enhance domestic revenue generation, and stabilize the financial sector to promote private investment, further aiming to boost the financial viability of the energy sector through improved management practices.

In addition to these objectives, the initiative will also focus on social resilience and incorporate climate-related considerations into public policy to promote sustainable development.

According to a Finance Committee report dated July 2, 2025, this loan is part of a comprehensive support package from the World Bank, which includes investment lending and technical assistance, JoyBusiness has cited.

It complements previous budgetary support provided under the first Resilient Recovery Development Policy Financing and is intended to strengthen ongoing reforms associated with Ghana’s IMF program.