Ghana seeks $55m from World Bank to finance two projects

Ghana’s Finance and Economic Planning and the Food and Agriculture Ministries have presented two separate project proposals with a total cost of $55 million to the World Bank Board for funding.

According to the World Bank’s official website for Ghana, the two projects are the Ghana Fourth Agriculture Development Policy Operation (GFADPO) estimated to cost $50 million and the Natural Resources and Environmental Governance Technical Assistance (NREGTA) also costing $5 million.

The Ministry of Finance will be implementing the NREGTA project while the Agric Ministry will implement the GFADPO, the website indicated.

Mr Chaves Flavo and Nijhoff Jan Joost will be the World Bank Team Leads for the NREGTA and GFADPO projects respectively.

The Board of Directors of the Bank is yet to meet on the projects and possibly approve financing for them through its International Development Association (IDA).

The commitment amount for the projects may be modified during the project preparation, the Bank said.

By Ekow Quandzie