Ghana has received $200 million from the World Bank to help transform and diversify its economy through the promotion of private investment and robust growth in its non-resource base sectors.
The fund, to be administered through an integrated programme is set to build the country’s competitiveness and deliver sustainable jobs under the Ghana Economic Transformation Project (GETP).
The project, from the International Development Association (IDA) approved by the World Bank Board of Executive Directors on Tuesday.
The GETP will support improvements in the business environment and build capacity for investment attraction and retention as well as spatial development such as Special Economic Zones (SEZs) to address constraints to access industrial land.
The project will also support entrepreneurship and SME growth by strengthening the entrepreneurship support ecosystem, and it will include early stage financing for growth-oriented entrepreneurs.
