{
  "id": 4829877,
  "title": "World Bank commends Ghana’s economic recovery… calls for reforms to sustain gains",
  "url": "https://urgent.news/2026/09/01/world-bank-commends-ghanas-economic-recovery-calls-for-reforms-to",
  "topic": "world",
  "section": "World",
  "published": "2026-09-01T09:22:47.000Z",
  "source": {
    "name": "Ghanaian Times",
    "slug": "ghanaian-times",
    "url": "https://ghanaiantimes.com.gh/world-bank-commends-ghanas-economic-recovery-calls-for-reforms-to-sustain-gains/"
  },
  "original_language": "en",
  "account": "The World Bank has praised Ghana for its impressive economic recovery, but has urged the government to bolster reforms and implement measures to maintain the progress and generate jobs, investment, and improved living conditions. Dr Robert Taliercio, the World Bank Divisional Head for Ghana, Liberia and Sierra Leone, stated that while Ghana's recovery from the 2022 crisis was real and measurable, it was not yet stable. The recovery in 2025 saw a six percent growth rate, the highest since 2019, and further accelerated to 6.4 percent in the first quarter of 2026. Inflation decreased significantly from 23.2 percent in 2025 to 4.6 percent in 2026, and public debt dropped from 70.3 percent of GDP to 49 percent by the end of 2025. The World Bank also highlighted that Ghana completed the IMF Extended Credit Facility program, achieved a primary surplus of 2.5 percent of GDP in 2025, and rebuilt international reserves, signifying restored economic credibility. However, Dr Taliercio warned that the recovery was structurally incomplete due to weak domestic revenue mobilization, high poverty levels (56.4 percent of Ghanaians remain in poverty), and inadequate capital expenditure (38 percent below budget). The bank identified transport infrastructure as a major constraint, with only 27 percent of the 94,200-kilometer road network paved and half of it in poor condition. To address this challenge, the World Bank is investing $500 million under the Ghana Market Access and Connectivity Project to rehabilitate about 1,050 kilometers of feeder roads using performance-based maintenance contracts. This initiative aims to reduce travel times, lower transport costs, and boost agricultural productivity. The government has welcomed the report and will engage with its recommendations, prioritizing infrastructure development, including the Accra-Kumasi Expressway, Afram River bridges, and Dambai Bridge.",
  "summary": "The World Bank has commended Ghana for the significant improvement in its economic performance but cautioned the government to strengthen reforms and put in place measures to ensure that the gains are sustained and translated into jobs, investment and improved living conditions. The caution was contained in the Ghana 10th Economic Update, launched in Accra … The post World Bank commends Ghana’s…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}