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The World Bank has injected $ 60 million to help finance Ghana's energy sector transformation initiative and Ghana's tourism development project.
The $ 60 million credit facility was approved with the aim of strengthening the energy and tourism sectors, to implement sectoral reforms in the country. Ghanaian Economics: Ghanaian Companies Suffer – Mahama Warns Against VAT Rise
Of this amount, $ 20 million was specifically allocated to the Transformation Initiative Project. Ghana Energy Sector. 19659005] World Bank Director for Ghana, Henry Kerali, said the project is expected to go a long way in boosting the energy sector in Ghana
"The project supports the government's plan through a set of regulatory, policy and administrative measures, operational measures and platforms for stakeholder engagement to help the government address short-term challenges and lay the groundwork for transforming the energy sector in Canada. Ghana » »
$ 40 million was also allocated to improve the tourism development project in Ghana. [19659005] The project is expected to improve tourism sector offerings, diversify impact and help increase the contribution of the tourism sector to the Ghanaian economy.
Micro, Small and Medium Enterprises will also be supported by the project, as it is geared towards improving access to markets and better provision of public goods in targeted tourist destinations.
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"The Tourism Development Project Should Eliminate Constraints and Maintain Improvements in Energy Efficiency" And a business-friendly environment to help domestic and international companies grow their business, "said Douglas Pearce, director of practices at the World Bank.
million. Pearce added that as part of the World Bank's goal of ending extreme poverty and promoting shared prosperity, the project will help small and medium-sized businesses and businesses run by women to provide tourism services. .
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