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The World Bank has hinted that Ghana would benefit from a $ 4 billion investment in Africa this year. According to the bank, this is part of his human capital project for the year.
This was announced when the bank launched the Africa CSO and Dialogue for Parliamentary Development series to engage key civil society organizations around key development priorities for the continent.
This is part of a three-day visit by Dr. Hafez Ghanem, vice president of the World Bank for Africa.
The bank seeks to invest in the country's education sector, a productive social protection that seeks to provide funds to help families increase their incomes, a very comprehensive rural water sanitation program, among others.
The discussion took place via Skype with World Bank officials and 16 African countries, including Ghana, Burkina Faso, Nigeria, Benin, Chad, Ethiopia, Burundi, Malawi, Zambia, Liberia, Guinea and Senegal.
In October 2018, the World Bank Group awarded Ghana 44% for the Human Capital Index and its components (HCI).
Speaking at the event, the World Bank's director for the World Bank, Henry Kerali, criticized Ghana's poor performance regarding the latest HCI report, even though it's the only one in the world. one of the best among his compatriots from West Africa.
"Do you think as above; We still have a long way to go to catch up with countries like Rwanda, which are better ranked countries in Africa, but still higher than Rwanda, because Ghana is a middle-income country and we should aspire to achieve this. goal. the target set or at least the averages achieved by other low-middle-income countries, so do not set yourself the goal of being the best of the worst, but the best among the best. "
About HCI
The HMI measures the amount of human capital that a child born today can expect to reach before age 18. It reflects the productivity of the next generation of workers compared to the benchmark of complete education and complete health.
It is built for 157 countries. It is composed of five indicators: the probability of survival up to five years, the years of schooling expected of the child, the harmonized results of tests to measure the quality of learning, the survival rate of adults (fraction 15 years who will survive to 60 years). ) and the proportion of non-retarded children.
According to the findings of the Index, the probability of survival up to 5 years is 95 out of 100 children born; thus, 95% of babies born in Ghana survive up to 5 years.
The report also reveals that in Ghana, a child who starts school at the age of 4 can hope to finish 11.6 years of school before his 18th birthday.
The full years of studies expected for a Ghanaian child who starts school at the age of 4 is 11.6 years old, while the school years adjusted according to the Learning (taking into account what children actually learn) should only be 5.7 years old.
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