Ghana receives $360m World Bank support for fiscal and social reforms

The World Bank has disbursed $360 million to Ghana under its International Development Association (IDA) facility, as part of the Second Resilient Recovery Development Policy Financing (DPF) operation. The funds are aimed at helping the government restore macroeconomic stability, strengthen growth foundations, and create more opportunities for employment.

This follows approval of the facility by the World Bank Board in June 2025 and subsequent ratification by Ghana’s Parliament in July 2025. According to information available to Joy Business, the funds were released on September 11, 2025.

The programme forms part of the World Bank’s wider engagement in Ghana to support both crisis response and long-term resilience. It seeks to restore fiscal sustainability, safeguard the financial sector while encouraging private investment, and address long-standing inefficiencies in the energy sector. The initiative also aims to bolster social protection systems and integrate climate considerations into public policy, ensuring a more sustainable path to development.

In a statement, the World Bank explained that the reforms backed by the facility are designed to promote fiscal discipline, enhance revenue mobilisation, stabilise the financial system, and create a more attractive environment for private-sector-led growth. At the same time, it will reinforce energy sector financial discipline and provide support for climate resilience measures and stronger social safeguards.

The Second Resilient Recovery DPF complements earlier budgetary assistance under the first phase of the programme and is closely aligned with Ghana’s ongoing IMF-supported reforms. Alongside the financing, the World Bank is also extending investment lending and technical assistance, creating a broad support package to underpin Ghana’s recovery and resilience agenda.