Wencai Zhang, the Managing Director and Chief Administrative Officer of the World Bank Group, paid a courtesy visit to Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, at the Ministry of Finance in Accra.
The visit underscores the World Bank’s commitment to strengthening development partnerships with Ghana, particularly in priority sectors like agriculture, transportation, and energy.
The discussions between Mr. Zhang and Dr. Forson focused on broadening collaboration and securing increased World Bank support in areas vital to Ghana’s long-term economic transformation and sustainable development.
Welcoming Mr. Zhang and his delegation, Dr. Forson expressed gratitude for the World Bank’s longstanding support to Ghana over the years. He emphasized the critical role that agriculture, energy, and transport play in the country’s development strategy, particularly in creating jobs, boosting productivity, and reducing poverty.
“Agriculture is at the heart of our economy, employing a large portion of our workforce. We believe that with the right kind of support, especially from institutions like the World Bank, we can modernize our agricultural sector, ensure food security, and create more jobs for our youth.”
Dr. Forson
The Finance Minister also highlighted the importance of enhancing transportation infrastructure and energy access to support trade and industrialization. he suggested the establishment of a World Bank regional hub in Ghana to coordinate development programs across West Africa.
According to Dr. Forson, this would facilitate quicker project implementation and strengthen regional partnerships.
World Bank Reaffirms Commitment to Ghana
Responding to the Finance Minister’s call, Mr. Zhang reaffirmed the World Bank’s unwavering commitment to Ghana’s development. He noted that agriculture remains a top priority for the World Bank, especially in Africa, where the sector holds great potential for driving inclusive growth and food security.
“The World Bank is fully committed to supporting Ghana’s efforts to achieve sustainable and inclusive growth. We have extensive experience in agricultural reform and are confident that our collaboration in this area will yield transformative results.”
Mr. Zhang
He disclosed that the World Bank is already working on initiatives aimed at strengthening Ghana’s energy sector. These efforts are aligned with the government’s vision to enhance electricity reliability, expand renewable energy capacity, and attract private sector investments in the power sector.
Touching on the Finance Minister’s proposal for a regional hub, Mr. Zhang expressed optimism about the idea. He acknowledged Ghana’s institutional maturity, political stability, and strong reform record as indicators of the country’s capacity to serve as a strategic host for a World Bank regional office.
“The proposal for a regional hub in Ghana is indeed worth considering. Ghana has always demonstrated commitment to reforms and regional leadership. We will give the idea the serious attention it deserves.”
Mr. Zhang
Strengthening Long-Term Development Cooperation
The meeting is part of a series of ongoing engagements aimed at redefining and reinforcing Ghana’s partnership with the World Bank. Both sides reiterated their shared goal of fostering inclusive, resilient, and sustainable development that delivers tangible results for the Ghanaian people.
The World Bank’s renewed focus on Ghana comes at a critical moment, as the country works to stabilize its economy and lay the foundation for industrial diversification and digital transformation.
Mr. Zhang’s visit signals a renewed momentum in Ghana-World Bank relations, with both parties eager to explore new avenues for development cooperation.
With agriculture, energy, and transport at the core of this engagement, the meeting lays the groundwork for impactful reforms and investments that could unlock Ghana’s economic potential and uplift millions of lives.
As Ghana continues to position itself as a leader in West Africa, partnerships like this remain central to driving national progress and regional integration. The World Bank’s pledge of continued support offers hope for accelerated development and prosperity.
READ ALSO: Peller Reviews His Experience In Ghana
