Second Macroeconomic Stability for competitiveness and Growth (WB-P157343)

Countries
  • Ghana
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 20, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
GOVERNMENT OF GHANA
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 16, 2018

Disclosed by Bank Jul 16, 2016


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Project Description
<div style="left: 180.033px; top: 687.497px; font-size: 20px; font-family: sans-serif; transform: scaleX(0.875249);">The Program Development Objectives of the proposed operation are to: (i) Strengthen institutions for more predictable fiscal outcomes; (ii) improve competitiveness for job creation; and (iii) protect the poor and vulnerable. These objectives are aligned with the three pillars of the program.</div> <div style="left: 202.233px; top: 752.497px; font-size: 20px; font-family: sans-serif; transform: scaleX(0.978457);">Pillar I</div> <div style="left: 261.8333333333333px; top: 752.4966666666664px; font-size: 20px; font-family: sans-serif;">- Strengthen institutions for more predictable fiscal outcomes. This pillar is directly linked to the Government &rsquo;s GSGDA Theme I Ensuring and sustaining Macroeconomicstability.</div> <div style="left: 201.633px; top: 795.697px; font-size: 20px; font-family: sans-serif; transform: scaleX(0.967355);">Pillar 2 is directly linked to Theme II GSGDA which focused on</div> <div style="left: 807.767px; top: 795.697px; font-size: 20px; font-family: sans-serif; transform: scaleX(0.972676);">Enhancing Competitiveness of Ghana&rsquo;s Private Sector but also to Theme VI which covers Human Development, Productivity and Emplo yment.</div> <div style="left: 490.683px; top: 839.097px; font-size: 20px; font-family: sans-serif; transform: scaleX(0.936755);">Finally, Pillar 3 focuses on p rotecting the poor and vulnerable is also linked to Theme VI of the GSGDA, as described above with particular emphasis on the human development aspects.</div>
Investment Description
  • World Bank (WB)
Contact Information
Contact : Michael Ayesu
Title: Director, External Resource Mobilization, Multilateral Division
Ministry of Finance
Tel: +233 (0)302 663304
Email: MAyesu@mofep.gov.gh

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.