‘No suspended projects in Ghana’ – World Bank clarifies

The World Bank has dismissed reports suggesting that its projects in Ghana are on hold.

In a statement released today, the institution clarified that “No projects in the World Bank-financed portfolio in Ghana are currently suspended.”

This assurance follows speculation that financial or governance challenges had stalled some initiatives.

The World Bank reaffirmed its commitment to ongoing projects, covering sectors such as infrastructure, healthcare, education, agriculture, and energy.

The clarification seeks to reassure stakeholders, including government agencies and development partners, amid Ghana’s economic recovery efforts.

Concerns about project suspensions could have fueled uncertainty, potentially impacting investor confidence.

While the statement did not specify why the issue arose, questions about Ghana’s financial engagements with international institutions have surfaced recently.

Reports hinted at possible delays in disbursements or compliance-related concerns affecting development projects.

Ghana continues to rely on support from multilateral institutions like the World Bank and IMF as it navigates economic challenges, including high inflation and debt restructuring. Maintaining strong relations with these institutions remains critical for executing its development agenda.