Ghana, World
Bank sign $300m Development Financing Agreement
Masahudu Ankiilu Kunateh, Ghanadot
Accra, July 15, Ghanadot - Ghana
and World Bank yesterday signed $300million Financing
Agreement in respect of the Economic Governance and Poverty
Reduction Credit (EGPRC).
The Minister of Finance and Economic Planning, Dr. Kwabena
Duffuor signed for Ghana whiles Ms. Eunice Dapaah, Acting
Country Manager of the World Bank initialed for the bank.
The programme will assist Government of Ghana to stabilize
the country’s economy and pursue strategies, which will
safeguard future growth, provide social protection and
thereby limit the impact of the global financial crisis.
The $300million is part of the $535million approved by the
Board of Directors of the World Bank announced on 30th June
2009 to support three credit facilities aimed at helping
improve economic governance and stabilizing Ghana’s economy.
Furthermore, the support will help the government to protect
vulnerable groups from sliding deeper into poverty, which
could further threaten the progress that Ghana has made
towards attaining the Millennium Development Goals (MDGs).
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Accra, July 15, Ghanadot - Ghana and World Bank
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