The World Bank issued a grant worth $140 million to support Ghana’s education and health programs. “I am confident that with these grants we have made some important gains across board. Primary school enrolment, particularly for girls, has improved, while great achievements in macro-economic performance as shown by decreasing inflation and interest rates, and a stable exchange rate have continued to provide the solid foundation for private sector driven growth,” World Bank director for Ghana Mats Karlsson said. According to World Bank economist Carlos Cavalcanti, 2007 aid to the African country aims to sustain Ghana’s human development gains. “Three broad pillars of growth and poverty reduction had been identified: accelerated private sector-led growth, vigorous human resource development, and good governance and civic responsibility,” Cavalcanti remarked.
Source: World Bank grants funds for Ghana development (SAPA)