Close Menu
MyGhanaDaily
    Facebook X (Twitter) Instagram
    MyGhanaDaily
    Tuesday, October 7
    Trending
    • Naglogu Care Foundation Holds Cerebral Palsy Sensitization Walk in Tamale
    • Dead body found in classroom at Galilea M/A 1 JHS
    • EC to conduct by-elections nationwide for vacant Electoral areas and Units
    • Speaker of Parliament postpones resumption of parliament
    • African Union Soil Observatory Project Officially Launched
    • Hannah Awadzi of GNA awarded the Most Outstanding Female journalist for 2025
    • NIA to issue Ghana Cards to children aged 6–14 from October 6
    Your Marketplace Banner
    • News
    • Business
    • Entertainment
      • Music
      • Movies
      • Fashion
      • Celebrity news
    • Sports
    • Health
    • Technology
    • Agriculture
    • Opportunites
    • Videos
    • More
      • Education
      • Tourism
      • History
      • Feature
      • Opinion
      • World
    MyGhanaDaily
    Home»News»Ghana ,World bank sign $200M loan agreement to aid vaccination rollout
    News

    Ghana ,World bank sign $200M loan agreement to aid vaccination rollout

    Ellen NusiBy Ellen NusiJuly 15, 2021No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Inform ghana news

    Ghana’s government has inked a new $200 million financing arrangement with the World Bank to assist with immunization efforts.

    The World Bank has provided the government with a second tranche of funding for the pandemic’s management.

    Send your stories to Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140

    Addressing the media after signing the agreement, Finance Minister, Ken Ofori-Atta said the loan facility has come at the right time to help support government efforts in managing the situation.

    “We must continue laying the foundation for an enabled welfare state. One that helps people and restores dignity to the lives of our fellow Ghanaians. Now, the intervention therefore of these resources is important. That is, if our people are not vaccinated, we will not have the energy and dynamism to transform our economy and be a contributor to much better investments.”

    “Undoubtedly, government cannot do this alone, we need deeper engagements from multilateral partners to facilitate the provision of the requisite finance and technical support to invest in human capital and build fiscal infrastructure and comprehensively tackle development challenges that inhabit the SDG goals being attained.

    At its very core, this will require the availability of all innovative financial support to ensure that critical interventions in response to COVID-19 are immediate and swift.

    The signing of this agreement today forms an essential part of the government’s drive to build back better and greener, and clearly, I would like to thank the World Bank, the IDA and the Minister of Health for their immense contribution and support not only to combating the pandemic but also furthering government’s transformation agenda,” he said.

    Meanwhile, the World Bank Country Director, Pierre Laporte is hopeful the funds will help the country in the management of the virus.

    “This specific project is focusing mostly on the vaccines, while the first two projects supported mostly the initial efforts to put in place systems and supports to fight the immediate impact. We are now moving to the next phase, and we think that this is extremely important for Ghana because the results are supporting the whole system to be better prepared to deliver vaccines to the people, which is critical in the wake of the health system.

    Since Ghana recorded its first Covid-19 case in 2020, it has been mobilizing internal and external funding to directly contain its spread and effects on citizens and the economy.

    These include a World Bank Development Policy Operation of ¢1.716 million ($296,629); IMF Rapid Credit Facility of ¢3.145 million ($543,647); Access to a portion of (an estimated) $591.1 million in the Ghana Heritage Fund.

    There was also a $3 billion ($518.6 million) syndication facility to help businesses, particularly in the pharmaceutical, hospitality, service, and manufacturing sectors; $3 billion through the Covid-19 Eurobond; and $100 billion ($17.2 billion) through the Covid-19 Alleviation and Revitalization of Enterprise Support (CARES), among other things.

    Send your news stories to
    Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140
    Advertise with us | Follow our WhatsApp channel for more news
    Banking and finance World Bank
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleUniversities’ Senior Staff threaten to resume strike over ‘unfavourable’ conditions of service
    Next Article GSS: About 85% of Ghanaians enumerated
    Ellen Nusi

    Related Posts

    Naglogu Care Foundation Holds Cerebral Palsy Sensitization Walk in Tamale

    October 7, 2025

    Dead body found in classroom at Galilea M/A 1 JHS

    October 7, 2025

    October 7, 2025
    LATEST NEWS
    • Naglogu Care Foundation Holds Cerebral Palsy Sensitization Walk in Tamale
    • Dead body found in classroom at Galilea M/A 1 JHS
    • (no title)
    • EC to conduct by-elections nationwide for vacant Electoral areas and Units
    • Speaker of Parliament postpones resumption of parliament
    SPORTS NEWS

    2026 FIFA WCQ: Ghana beats Mali

    September 9, 2025

    The Black Stars Podcast: A six-part dive into Ghana’s football history, struggles and sparks of glory

    August 30, 2025

    2026 World Cup qualifiers: Black Stars set to open camp on September 1

    August 27, 2025

    Felix Afena-Gyan Joins Amedspor on Season-Long Loan

    August 21, 2025

    Ayew Stays Positive as Foxes Target Quick Response

    August 21, 2025
    Recent Posts
    • Naglogu Care Foundation Holds Cerebral Palsy Sensitization Walk in Tamale
    • Dead body found in classroom at Galilea M/A 1 JHS
    • (no title)
    • EC to conduct by-elections nationwide for vacant Electoral areas and Units
    • Speaker of Parliament postpones resumption of parliament
    Like Us On Facebook
    Facebook Pagelike Widget
    • Facebook
    • Twitter
    • Instagram
    © 2019 -2025 Copyright | MyGhanaDaily.com

    Type above and press Enter to search. Press Esc to cancel.