The Managing Director and Chief Knowledge Officer of the World Bank, Mr. Paschal Donohoe, has commended Ghana’s Finance Minister, Dr. Cassiel Ato Forson, for what he described as the remarkable improvement in the country’s national finances.
Mr. Donohoe made the remarks during a meeting with the Finance Minister as part of his first official visit to Africa, where the two held discussions on Ghana’s economic transformation and the next phase of the country’s development agenda.
During the meeting, Dr. Forson explained that the government spent the past year focused on resetting the economy and placing it firmly on a path toward sustainability.
He noted that while significant progress has been made in stabilising the economy, unemployment, particularly among young people, remains one of Ghana’s most pressing challenges.
The Finance Minister pointed out that Africa’s rapidly growing youthful population means public sector employment alone cannot provide sufficient opportunities for young people, stressing the need for deliberate policies to support job creation.
He said the government is therefore putting in place major policies and programmes aimed at sustainably creating jobs and expanding opportunities for the country’s youth.
Mr. Donohoe congratulated the Finance Minister on the notable progress made in improving Ghana’s national finances and reaffirmed the World Bank’s commitment to supporting the country’s economic agenda.
He noted that the World Bank stands ready to continue assisting Ghana, including through a Jobs and Growth Analysis that will help identify new opportunities for job creation and support long-term economic growth.
Dr. Forson welcomed the continued partnership with the World Bank, noting that the collaboration will be important as Ghana works to create jobs, expand opportunities, and secure a more prosperous future for its people.
