Strengthening Ghana's macroeconomic stability and supporting solid economic growth is the vision of the World Bank by providing a $300 million loan to Ghana in order to help the West African country, which is plagued by a persistent economic crisis. The announcement was made on Tuesday, January 23.

A statement from the Washington-based institution mentions that the WB loan is “the first step in three operations of 300 billion dollars each”. According to the Vice President of the World Bank for West and Central Africa, Ousmane Diagana, “restoring a sustainable budget and debt, strengthening growth opportunities, slowing inflation and protecting the most vulnerable are urgent priorities for Ghana and essential to attract more foreign investment

According to the Ghanaian Minister of Finance, Kenneth Ofori-Atta, the Bank loan “will play a vital role in relaxing Ghana's fiscal constraints, supporting the ongoing economic recovery and protecting the poor and vulnerable.”