World Bank backs Ghana’s recovery, urges sustained reforms

The World Bank has expressed support for Ghana's economic recovery, but has urged the country to sustain structural reforms to ensure long-term growth and job creation. Dr Robert Taliercio O’Brien, the World Bank Division Director for Ghana, Liberia, and Sierra Leone, commended Ghana's six percent economic growth and the reduction in inflation from 23.2 percent in 2023 to 3.2 percent in March 2026.

However, he cautioned that persistent vulnerabilities could undermine the long-term sustainability of the recovery. The World Bank official highlighted that recent growth had been concentrated in gold and services, sectors with limited capacity to absorb labor relative to Ghana's demographic growth, and called for structural transformation centered on job-rich growth in agriculture, agro-processing, and manufacturing.

Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.