The World Bank has expressed satisfaction with Ghana’s use of COVID-19 funds provided by donors and the institution.
This comes after the World Bank commissioned an independent audit to investigate concerns over the government’s handling of the funds.
The audit’s findings have alleviated fears of potential sanctions, instead paving the way for increased support from the World Bank. Robert O’Brien, World Bank Country Director, praised Ghana’s management of the funds, stating that the country’s efforts have been commendable.
The World Bank’s endorsement is a significant boost to Ghana’s economy, which has faced scrutiny over its handling of COVID-19 relief funds. The government had faced criticism for its spending, prompting calls for transparency and accountability.
The independent audit’s findings have now laid those concerns to rest, with the World Bank poised to offer further assistance to Ghana.
This development is expected to bolster the country’s economic recovery efforts and strengthen its partnership with the World Bank.
