Ghana gets $200 million from World Bank as aid

Ghana gets $200 million from World Bank as aid

- The World Bank has dolled out US$200 million to Ghana as aid

- President Akufo-Addo has earlier enforced a "Ghana beyond aid agenda"

- Click here for the latest stories in Ghana

YEN.com.gh is learning that the World Bank has given the government of Ghana US$200 million as the aid for the development of the economy.

Ghana gets $200 million from World Bank as aid

Ghana gets $200 million from World Bank as aid

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The name of the aid is called an International Development Association (IDA) credit facilty which the World Bank gives to all developing countries like Ghana which continues to improve upon its macroeconomic indicators.

Meanwhile, Nana Addo has emphasized Ghana's intention not to solely rely on foreign aid and support.

“We want to build a Ghana beyond aid; a Ghana which looks to the use of its own resources. We want to build an economy that is not dependent on charity and handouts, but an economy that will look at the proper management of its resources as the way to engineer social and economic growth in our country,” the president stated during a roundtable meeting with some selected Chief Executive Officers of leading African and international companies, on the sidelines of the ongoing 5th edition of the Africa CEO Forum.

But finance minister, Ken Ofori Attah, has argued that government will not reject international assistance because of the ‘Ghana beyond aid’ policy strategy.

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According to him, development assistance as that of the World Bank, will continue to be welcomed but it has to be in line with the country’s development agenda.

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Source: Yen.com.gh

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