$360m World Bank Cash To Power Ghana’s Post-Crisis Economic Comeback

Ghana has secured a significant financial boost from the World Bank, with the disbursement of $360 million under the Second Resilient Recovery Development Policy Financing (DPF) operation.

The funding, released through the International Development Association (IDA), is part of the Bank’s broader engagement to support Ghana’s recovery from recent economic shocks while reinforcing long-term resilience.

The facility was first approved by the World Bank board in June 2025 and later ratified by Ghana’s Parliament in July 2025. Now fully disbursed, the funds will directly support the government’s efforts to stabilize the economy, restore investor confidence, and lay a strong foundation for sustainable, inclusive growth.

The $360 million support is expected to provide immediate fiscal relief to Ghana’s struggling economy. The country has faced a turbulent economic environment marked by inflationary pressures, debt servicing challenges, and instability in the energy and financial sectors.

According to the World Bank, this new financing is designed to restore fiscal sustainability, enhance financial sector stability, and improve energy sector discipline. By addressing these core issues, the government aims to rebuild macroeconomic stability and foster confidence among domestic and international stakeholders.

“This support underscores our commitment to helping Ghana strengthen its economy and create the conditions for private-sector-led growth and job creation.”

World Bank

Strengthening Energy And Financial Sectors

A significant portion of the reforms tied to this financing will target the energy and financial sectors, two critical pillars of Ghana’s economy.

The financial sector, which has seen vulnerabilities in recent years, will receive policy-backed reforms aimed at stability and improved oversight. These reforms are expected to promote private-sector development by encouraging investment and ensuring banks and financial institutions can support businesses effectively.

On the other hand, the energy sector—long plagued by inefficiencies and financial leakages—will see renewed focus on discipline, transparency, and accountability. The World Bank emphasizes that these reforms are vital to ensure reliable supply, reduce fiscal pressures from subsidies, and create a sustainable path for future growth.

Beyond stabilizing the fiscal and energy systems, the World Bank is also channeling part of the support towards strengthening social safety nets and climate resilience.

The financing will help Ghana bolster programs that protect vulnerable groups, especially in times of economic shocks. Additionally, climate-related considerations will be integrated into public policy to ensure that Ghana’s growth trajectory aligns with sustainable development goals.

The World Bank believes that building climate resilience is no longer optional but a necessity for Ghana, given its exposure to global environmental challenges.

Complementing IMF Programme

The latest disbursement forms part of a comprehensive World Bank package that also includes investment lending and technical assistance. Importantly, it complements ongoing reforms under Ghana’s three-year programme with the International Monetary Fund (IMF).

The Finance Committeee of Parliament, in its July 2025 report, stressed that the loan would reinforce ongoing structural reforms and provide much-needed budgetary support, following an earlier disbursement under the First Resilient Recovery DPF.

By aligning closely with the IMF programme, Ghana aims to restore macroeconomic stability faster, accelerate growth, and enhance resilience to future shocks.

A Lifeline For Post-Crisis Growth

For Ghana, the $360 million injection comes at a critical time. The economy, though showing signs of recovery, still faces challenges such as revenue mobilization gaps, cedi depreciation, high debt levels, and structural bottlenecks. The World Bank’s intervention is not just financial—it signals international confidence in Ghana’s ability to rebound.

If implemented effectively, the reforms supported by this facility could unlock new opportunities for private investment, job creation, and stronger fiscal management. With this momentum, Ghana may well be on course for a more resilient, inclusive, and sustainable economic comeback.

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