Ghana signs $570m agreement with World Bank to transform economy
Business & Economy section is brought to you by Jiji.gh — #1 Ghanaian online marketplace
Visit website

Ghana signs $570m agreement with World Bank to transform economy

- Ghana has signed four agreements with the world bank worth $570 million

- The agreement is aimed to transform the economy, boost education, improve sanitation and fight flooding in Accra as well as reduce forest losses

Our Manifesto: This is what YEN.com.gh believes in

Ghana has signed four agreements with the world bank worth $570 million aimed to transform the economy, boost education, improve sanitation and fight flooding in Accra as well as reduce forest losses.

Ghana's Minister of Finance, Ken Ofori-Atta and Pierre Laporte, the World Bank Country signed the deal on behalf of Ghana and the World Bank respectively.

According to a report by GhanaWeb, in his address Ofori-Atta commended the World Bank for supporting the projects that he believes would help to advance the government’s quest for inclusiveness and transformation.

READ ALSO: 7 Interesting facts about the Duchess of Sussex: Meghan Markle

He said the government has proven to Ghanaians its desire of inclusiveness through flagship programmes such as the one district one factory and the free SHS programme.

Ofori-Atta however urged development partners not to slow down the process because of an election year because the government was desirous to move forward development.

Laporte added that the event showed the bank’s commitment to the government and Ghanaians through the signing of the legal Agreements of the four important and potentially transformative projects.

“We will work with you hand in hand to ensure that these projects, as well as others already ongoing, are implemented timely and effectively," Laporte added.

READ ALSO: Fact check: We have not lost Qwikloan data to undersea fibre cut - MTN Ghana

In other news, the cedi’s perennial struggles against the US dollar does not seem to go away as this year’s performance is rated as the worst in the three-year-old Akufo-Addo administration.

According to data from the Bank of Ghana, the cedi depreciated by about 10.6 percent against the greenback compared to the 8.21 percent depreciation achieved last year.

Even the 2018 performance was worst off when compared to 2017 where the cedi showed a rare determination to shed 3.27 percent of its value against the US dollar.

READ ALSO: 2019 cedi performance worst in 3-years under Akufo-Addo administration

Have national and human interest issues to discuss?

Know someone who is extremely talented and needs recognition?

Your stories and photos are always welcome. Get interactive via our Facebook page.

Source: Yen.com.gh

Mailfire view pixel