World Bank Pledges $250m To Ghana for This Reason (See Details)

&NewLine;<p style&equals;"font-size&colon;25px"><strong>The World Bank has committed &dollar;250 million to Ghana&&num;8217&semi;s Financial Stability Fund&comma; according to Finance Minister&comma; Ken Ofori-Atta&period; <&sol;strong><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The fund&comma; which is expected to be deposited in the third quarter of the year&comma; is designed to enable the government to intervene in the event of solvency and liquidity issues&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Speaking at a news conference in Washington DC&comma; the Finance Minister emphasized that the establishment of the stability fund is a critical step in securing the country&&num;8217&semi;s financial sector&period; <&sol;p>&NewLine;&NewLine;&NewLine;<div class&equals;"wp-block-image">&NewLine;<figure class&equals;"aligncenter size-full"><img src&equals;"https&colon;&sol;&sol;cdn&period;occupygh&period;com&sol;file&sol;occupygh&sol;2023&sol;04&sol;image&lowbar;2022-12-21&lowbar;072213111-696x411-1&period;png" alt&equals;"" class&equals;"wp-image-161729"&sol;><&sol;figure><&sol;div>&NewLine;&NewLine;&NewLine;<p>He also noted that discussions are ongoing with donor partners such as the African Development Bank for additional resources to support the fund&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Mr&period; Ofori-Atta reiterated the World Bank&&num;8217&semi;s commitment in an interview on Joy FM&&num;8217&semi;s Midday news and encouraged other multilateral development banks and bilateral partners to support the Ghanaian government&&num;8217&semi;s efforts to ensure the stability of the financial sector&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<figure class&equals;"wp-block-image size-full"><img src&equals;"https&colon;&sol;&sol;cdn&period;occupygh&period;com&sol;file&sol;occupygh&sol;2023&sol;04&sol;finance-Minister-758x424-1&period;jpg" alt&equals;"" class&equals;"wp-image-161728"&sol;><&sol;figure>&NewLine;&NewLine;&NewLine;&NewLine;<p>The commitment of the World Bank to the Financial Stability Fund is a significant boost to Ghana&&num;8217&semi;s efforts to stabilize the economy amidst the challenges posed by the COVID-19 pandemic&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>It demonstrates the bank&&num;8217&semi;s continued confidence in Ghana&&num;8217&semi;s economic potential and its commitment to supporting the country&&num;8217&semi;s development agenda&period;<&sol;p>&NewLine;<p><strong>Source<&sol;strong>&colon; <a href&equals;"http&colon;&sol;&sol;OccupyGh&period;com">OccupyGh&period;com<&sol;a> <&sol;p><p class&equals;"has-text-align-center has-large-font-size"><a href&equals;"https&colon;&sol;&sol;chat&period;whatsapp&period;com&sol;JVGCtXdCoiKHCI3CXwMC5l" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">Tap To Join Our<&sol;a> WhatsApp Community<&sol;p> &NewLine;