By Regina Kwapong
Recent setbacks in Ghana’s progress towards poverty reduction and inclusive growth have prompted a call to action as stakeholders gather to address the economic challenges facing the country.
On October 31st, 2024 a Conference was held at the World Bank Ghana Office with the theme “Delivering with Ambition”, bringing together key players to discuss Ghana’s economic situation and the support provided by the World Bank to promote stability and eradicate poverty.
During the event, insightful presentations shed light on the World Bank’s involvement in various sectors critical to Ghana’s development, including healthcare, the economy, education, transportation, and water and sanitation.
The discussions underscored the importance of collaborative efforts to navigate Ghana’s complex growth trajectory and work towards sustainable economic prosperity for all citizens.
In a bid to stabilize the economy and foster long-term growth, various programs have been put in place to boost different sectors in Ghana, paving the way for economic resilience and sustainable development.
Below are some key initiatives that aim to transform Ghana’s economic landscape.
Ghana Economic Transformation Project: Supports private sector growth, job creation, and economic diversification, with a focus on creating a conducive environment for Small and Medium Enterprises (SMEs).
Ghana Transformation Program: Enhances agricultural productivity, promotes value-added processing, and improves market access for rural farmers.
Ghana Productive Safety Net Project: Provides social safety nets, including cash transfers, to enhance resilience and support food security, health, and education for low-income households.
Ghana Health Emergency Preparedness Project: Strengthens health systems to enhance access for marginalized communities and address healthcare shortages.
Quality Education for All: Aims to improve basic education in underserved areas, ensuring children from low-income families have access to quality education, thereby breaking the cycle of poverty.
Furthermore, the conference ended by urging stakeholders to collaborate on their efforts to address poverty and work together on initiatives to develop essential infrastructure in underserved regions.
