• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, August 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Government Debunks Suspension of  World Bank Funded Program

April 3, 2025
Evans Junior Owuby Evans Junior Owu
in General News
0
Hon. Samuel Nartey George, MP and Minister of Communications, Digital Technology and Innovation

Hon. Samuel Nartey George, MP and Minister of Communications, Digital Technology and Innovation

Ghana’s Minister of Communications, Digital Technology, and Innovation, Hon. Samuel Nartey George, has strongly refuted claims that the World Bank has withdrawn funding for the Ghana Digital Acceleration Project (GDAP). 

The Member of Parliament for Ningo-Prampram Constituency emphasized that the World Bank has not suspended any of its funded projects in Ghana.

“I have seen this fake news making the rounds. It is nothing but desperate, irresponsible fake news. The @WorldBank has NOT withdrawn any funds for the GDAP program. In the coming days, some interesting revelations will be made on the previous activities under the program”.

Hon. Samuel Nartey George, MP and Minister of Communications, Digital Technology and Innovation

His remarks come in response to circulating rumors suggesting that the global financial institution’s backing for Ghana’s GDAP program had been halted, allegedly due to the new government’s dismissal of some public servants recruited post-December 7, 2024. 

RelatedPosts

COCOBOD must Adapt, not Disappear — Finance Ministry Advisor Defends COCOBOD’s Existence

NDC Risks Losing Youth Mobilisation Power

Cudjoe Dissects Ridge Hospital Crisis and Governance Failures

The Ghana Digital Acceleration Project (GDAP) is a critical initiative aimed at improving digital infrastructure, expanding broadband connectivity, and enhancing the nation’s technological landscape. 

With the World Bank’s financial support, the program is expected to drive digital innovation and bridge the country’s digital divide. 

World Bank Reaffirms Support for Ghana’s Development Projects

In a move to dispel the growing uncertainty, the World Bank, in an earlier communication, categorically denied any suspension of projects within its Ghana-financed portfolio.

“No projects in the World Bank-financed portfolio in Ghana are currently suspended,” the global financial institution stated in a definitive communication.

This clarification serves as a direct response to widespread concerns about the status of World Bank-backed initiatives in the country, particularly in light of Ghana’s ongoing economic recovery efforts. 

Given the significant role that World Bank funding plays in various sectors, any disruption to these projects could have far-reaching economic and social consequences.

World Bank
World Bank

Beyond GDAP, the World Bank remains one of Ghana’s most important development partners, funding projects in key sectors such as infrastructure, road networks, energy projects, and public transportation improvements.

Others include education – support for secondary and tertiary institutions, teacher training, and curriculum reforms; healthcare – investments in medical facilities, disease control, and health system strengthening and agriculture – financing for irrigation, food security, and agribusiness growth.

Any perception of instability in these projects could potentially undermine investor confidence and create uncertainty about Ghana’s economic trajectory.

The World Bank’s statement is likely intended to reassure stakeholders, including government agencies, investors, and the general public, about its continued commitment to Ghana’s development. 

The timing of this clarification is crucial, given the ongoing economic recovery process and efforts to strengthen fiscal stability.

However, the controversy surrounding the alleged withdrawal of funds has also raised questions about transparency and governance in the management of donor-funded projects. 

While the World Bank’s statement confirms that no projects have been suspended, it does not explicitly address whether there have been concerns regarding financial management, efficiency, or compliance with funding conditions.

Hon. Samuel Nartey George’s firm response suggests that the government is keen on preventing misinformation from gaining traction. 

His reference to forthcoming “revelations” hints at the possibility of past mismanagement within the GDAP program before the current administration took over.

If these disclosures materialize, they could reshape public discourse on Ghana’s digital transformation agenda and raise accountability questions regarding previous government decisions.

Samuel Nartey George 7
Hon. Samuel Nartey George, MP and Minister of Communications, Digital Technology and Innovation,

Building Trust in Ghana’s Development Agenda

The controversy over the GDAP funding underscores the broader need for improved communication and transparency between the government, development partners, and the public. 

Misinformation and speculation can erode confidence in key national projects, making it essential for stakeholders to provide clear, timely updates on project statuses and financial arrangements.

Going forward, the government’s ability to ensure prudent management of development funds will be critical in maintaining strong relationships with international donors. 

With the World Bank’s firm reassurance that no projects have been suspended, attention now shifts to the government’s promised revelations about GDAP. 

READ ALSO: Ghana Commits to Sustainable Natural Resource Management 

Tags: digital infrastructuredonor fundingeconomic recoveryFake newsFiscal StabilityGDAPGhana Digital Acceleration ProjectGhana EconomyGovernanceGovernment Accountabilityinternational developmentinvestor confidencemisinformationPublic PolicySamuel Nartey GeorgeWorld BankWorld Bank funding
Please login to join discussion
Previous Post

Tyla’s ‘Water’ Becomes Subject of Lawsuit Over Royalty Dispute

Next Post

AIGS Sounds Alarm Over Waning Confidence in Ghana’s Democracy

[mc4wp_form id="1264"]

Related Posts

Frederick Amissh, Technical Advisor to the Ministry of Finance
General News

COCOBOD must Adapt, not Disappear — Finance Ministry Advisor Defends COCOBOD’s Existence

August 23, 2025
Guinea Junta Suspends Key Opposition Parties
Africa

Guinea Junta Suspends Key Opposition Parties

August 23, 2025
South Korea’s President Visits Japan
Asia

South Korea’s President Visits Japan

August 23, 2025
Professor Godfred A. Bokpin, an Economist and Professor of Finance
News

Economist Demands Sweeping Reforms to Make Cocoa Sector More Attractive

August 23, 2025
Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 
Extractives/Energy

Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 

August 23, 2025
NDC risks youth mobilisation
General News

NDC Risks Losing Youth Mobilisation Power

August 23, 2025
Frederick Amissh, Technical Advisor to the Ministry of Finance
General News

COCOBOD must Adapt, not Disappear — Finance Ministry Advisor Defends COCOBOD’s Existence

by Evans Junior OwuAugust 23, 2025
Guinea Junta Suspends Key Opposition Parties
Africa

Guinea Junta Suspends Key Opposition Parties

by Lawrence AnkutseAugust 23, 2025
South Korea’s President Visits Japan
Asia

South Korea’s President Visits Japan

by Comfort AmpomaaAugust 23, 2025
Professor Godfred A. Bokpin, an Economist and Professor of Finance
News

Economist Demands Sweeping Reforms to Make Cocoa Sector More Attractive

by Evans Junior OwuAugust 23, 2025
Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 
Extractives/Energy

Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 

by Prince AgyapongAugust 23, 2025
NDC risks youth mobilisation
General News

NDC Risks Losing Youth Mobilisation Power

by Lilian AhedorAugust 23, 2025
Frederick Amissh, Technical Advisor to the Ministry of Finance
Guinea Junta Suspends Key Opposition Parties
South Korea’s President Visits Japan
Professor Godfred A. Bokpin, an Economist and Professor of Finance
Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 
NDC risks youth mobilisation
[/vc_row_inner]

Recent News

  • COCOBOD must Adapt, not Disappear — Finance Ministry Advisor Defends COCOBOD’s Existence
  • Guinea Junta Suspends Key Opposition Parties
  • South Korea’s President Visits Japan
  • Economist Demands Sweeping Reforms to Make Cocoa Sector More Attractive
  • Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.