The amount is made up of a $75.5 million grant facility from the Global Partnership for Education (GPE) and a $30 million credit from the International Development Association (IDA).
The agreement was signed November 22, 2012 by Ghana’s Finance Minister, Dr Kwabena Duffuor and the World Bank Country Director, Yusupha Crookes, the Ghana News Agency reported.
The $75.5 million grant will be used to improve basic education services at the levels of kindergarten, primary and junior high school in deprived districts while the $30 million IDA credit is expected to help the government’s effort in improving the legislative, institutional, financial, fiduciary and technical framework to generate a number of Public Private Partnership (PPP) project.
The two facilities would be managed by the World Bank, the GNA report said.
By Ekow Quandzie