New World Bank report urges Ghana to focus reforms on growth, job creation

ACCRA, Aug. 16 (Xinhua) -- The World Bank released a new report on Thursday, urging Ghana to focus its ongoing structural reforms on private-led growth Kenya breaking news | Kenya news today |..
✨ Key Highlights
A new World Bank report underscores the urgent need for Ghana to prioritize reforms aimed at fostering growth and creating jobs, particularly given its projected increase in the working-age population. The report emphasizes improving the business environment, closing infrastructure gaps, and accelerating the digital economy and climate adaptation.
- Ghana's government plans to invest approximately 564.4 million Ghanaian cedis (about 52.8 million U.S. dollars) in youth skills development programs and an additional 410 million cedis in a national entrepreneurship and innovation program in 2025.
- Robert Taliercio, World Bank division director for Ghana, Liberia and Sierra Leone, stressed the need to sustain ongoing reforms for macro-financial stability and economic transformation.
- Thomas Nyarko Ampem, Ghanaian Deputy Finance Minister, described job creation as "mission critical," highlighting that "unemployment and underemployment represent a potential powder keg waiting to explode."
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