Ghana’s government has requested the World Bank to provide it US$200 million to run the Ghana Economic Transformation Project. The Ministry of Finance has said that they needed the credit for implementing the GETP goals of providing jobs, investments in private sector and a lot more.
GETP goals also included investing in non-resource-based financial activities to escalate the productivity which leads to higher economic rates. The first primary component of the GETP is management, monitoring, and assessment of the project. The second goal focuses on increasing entrepreneurship as well as Small and Medium-sized Enterprises. The improved business environment for better productivity is the third motive. Another goal of the project is to promote spatial and industrial development with proper planning.
The project is a joint venture of different ministries including finance, trade and industry, business development and other agencies. The finance ministry has also made the framework to see the potential negative impacts of the project against Ghana’s government and World Bank criteria.
Read More: Ghana Business News
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