The World Bank has commended Ghana’s Finance Minister, Dr. Cassiel Ato Forson, for the country’s remarkable improvement in national finances. According to #GhanaNews, the Managing Director and Chief Knowledge Officer of the World Bank, Mr. Paschal Donohoe, made the remarks during a meeting with the Finance Minister as part of his first official visit to Africa.
The meeting focused on Ghana’s economic transformation and the next phase of the country’s development agenda. 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.
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. “I can see and appreciate your focus on youth development,” he said, adding that the World Bank strongly supports Ghana’s emphasis on employment as the next phase of economic transformation.
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.
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.
Source: #GhanaNews
Author: Korkor Anumu
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