Mr. Paschal Donohoe, Managing Director and Chief Knowledge Officer of the World Bank, has commended Ghana for progress made in improving its national finances.
He gave the commendation during a meeting with Dr. Cassiel Ato Forson, Minister for Finance, as part of his first official visit to Africa.
The meeting focused on Ghana’s economic transformation and the next phase of the country’s development agenda.
Mr. Donohoe said the World Bank remained ready to continue supporting Ghana, including through a Jobs and Growth Analysis aimed at identifying new opportunities for job creation and promoting long‑term economic growth.
He reaffirmed the Bank’s commitment to supporting Ghana’s economic agenda.
Dr Forson said the government had spent the past year focused on resetting the economy and placing it firmly on a path towards sustainability.
He noted that although progress had been made in stabilising the economy, unemployment, particularly among the youth, remained one of Ghana’s most pressing challenges.
Dr Forson said Africa’s rapidly growing youthful population meant that public sector employment alone could not provide sufficient opportunities, stressing the need for deliberate policies to support job creation.
He said the government was implementing major policies and programmes aimed at sustainably creating jobs and expanding opportunities for the youth.
Dr Forson welcomed the continued partnership with the World Bank, noting that the collaboration would be important as Ghana worked to create jobs, expand opportunities and secure a more prosperous future for its people.
