By Francis Kobena Tandoh
World Bank Vice President for Central and Western Africa Ousmane Diagana has reaffirmed the bank’s support for Ghana’s development priorities.
In a meeting with Ghana’s Minister for Finance, Cassiel Ato Forson, on the sidelines of the World Bank Annual Meeting in Washington, D.C., Diagana assured him of the World Bank’s strong support for the West African country regarding the country partnership framework and the Mission 300 energy compact.
“In my conversation with Min. Cassiel Forson @MoF_Ghana, I reaffirmed the World Bank Group’s strong support for #Ghana’s development priorities under the upcoming Country Partnership Framework and priority initiatives, such as the Mission 300 energy compact. #WBGMeetings,” the WB Vice President wrote on his X page.
The five-year Country Partnership Framework (CPF) for Ghana (FY22-26) prioritizes investments in human capital, job creation, economic diversification, building a resilient health system, and fostering a greener and more inclusive society.
This CPF supports Ghana in its COVID-19 and medium-term development agenda. It was designed around three mutually reinforcing focus areas, namely, enhancing conditions for private sector development and quality job creation; improving inclusive service delivery and promoting resilient and sustainable development.
Exploiting the opportunities of digital transformation is a cross-cutting theme. The 4.5 billion U.S. dollars CPF was prepared jointly by the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).
The Mission 300 energy compact, on the other hand, is a national plan to expand electricity access under a larger African initiative.
Launched in September 2025, the compact aims to achieve four goals: increase renewable energy, mobilize investments, promote clean cooking, and advance the productive use of energy for economic growth.
This commitment was made in New York at the Bloomberg Philanthropies Global Forum, as part of the World Bank and African Development Bank-led Mission 300 initiative to provide clean, reliable electricity to 300 million Africans by 2030.
Meanwhile, Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, has assured international investors that the country’s economy is firmly on a measurable path to recovery and is poised for sustained growth and stability.
Speaking to a packed audience of investors in Washington on the sidelines of the 2025 IMF and World Bank Annual Meetings, Dr. Forson declared that “Ghana is on track. We will sustain the gains.”
He underscored that the country’s economic turnaround is already evident in declining debt vulnerabilities and stronger macroeconomic fundamentals, reflecting the effectiveness of the government’s policy interventions and reforms.
Dr. Forson expressed strong optimism about the sustainability of the ongoing structural and fiscal reforms, which he said are designed to secure long-term macroeconomic stability.
Looking ahead, Dr. Forson highlighted that “Ghana’s economic prospects remain positive. Growth is projected to rebound strongly in the final quarter of the year, led by a revitalized real sector, while inflation, which has already seen significant declines, is expected to ease further and remain in single digits by year-end,” he added. Enditem
Source: Ghana Eye Report
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