Ghana receives $315 million from World Bank to create jobs and develop skills
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Ghana receives $315 million from World Bank to create jobs and develop skills

- The World Bank has given Ghana $315 million to help with job creation, skills development and digital transformation

- A portion of the fund would be used for the Ghana Jobs and Skills Project

- The balance would be diverted towards the eTransform Ghana Project

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Ghana has acknowledged receipt of $315 million from the World Bank to create jobs, develop skills and transform digital systems.

The support was approved by the Board of Executive Directors of the World Bank and would be sourced from the International Development Association (IDA).

The support is composed of two parts; $200 would be used for the Ghana Jobs and Skills Project and $115 million for the eTransform Ghana Project.

Ghana receives $315m from World Bank to create jobs and develop skills

World Bank Ghana Country Director Pierre Frank Laporte Source: Modern Ghana
Source: UGC

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According to the World Bank’s Country Director in Ghana, Pierre Laporte, the two projects are in line with a current government initiative, the Government’s Coordinated Programme of Economic and Social Development.

Laporte added that the decision is relevant and timely, given the outbreak of the coronavirus, Ghana News Agency reports.

He explained that it would serve as an avenue for apprenticeship and the training of entrepreneurs.

This, he noted, would help develop skills and assist apprentices to start businesses or secure employment opportunities.

In other news, the World Trade Organisation (WTO) has lauded some countries with respect to plans taken to curb the spread of the coronavirus.

According to its Director-General, Roberto Azevêdo, some measures being implemented to deal with the pandemic are beginning to yield results.

This, he cautioned, must not lead to complacency but compel countries all over the world to intensify efforts geared towards full economic recovery.

READ ALSO: International partners give COCOBOD $600 million to boost cocoa production

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Source: Yen

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