World Bank provides $155m financing for key projects in Ghana
The World Bank is set to supply $155 million funding to support water supply, sanitation and natural resource management in Ghana.
The Bank’s Board of Executive Directors approved the International Development Association (IDA) grant June 6, 2013 as it sees those areas as priorities for the Ghanaian government.
“The funds will support two of the Government of Ghana’s priorities: manage natural resources in a sustainable manner and bring improved sanitation and water supply to over 3.6 million people living in and around the Greater Accra Metropolitan Area (GAMA),” the World Bank said in a statement.
According to the Bank, $150 million of the total grant will support the Greater Accra Metropolitan Area (GAMA) Sanitation and Water Project which is a five-year programme designed to bring sanitation facilities and water supply to residents in the metropolis.
The remaining $5 million, the World Bank says is allocated to support the country’s Natural Resources and Environmental Governance project with technical assistance. The project is designed to provide technical assistance to help improve the capacity of government agencies to plan, manage and use natural resources in selected sectors more effectively and sustainably.
By Ekow Quandzie
I hope that $150 million will be monitor very well, and should used it for the project as said…..Sanitation and Water and not to end up in individual pockets. Just about time.
Will the world bank help us by making good use of the sun that entire Africa is blessed with to help finance solar energy into the country??