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Originally published by Capital Business
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business
August 16, 2025
2d ago

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

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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