World Bank MD Praises Ghana’s Finance Minister on Economic Progress During First Africa Visit

The Managing Director and Chief Knowledge Officer of the World Bank, Paschal Donohoe, has commended Cassiel Ato Forson for what he described as significant improvements in Ghana’so national finances.

The praise came during a high-level meeting between the two officials, held as part of Mr. Donohoe’s first official visit to Africa. The discussions focused on Ghana’s ongoing economic transformation and the next phase of its development agenda.

Dr. Forson explained that over the past year, the government has concentrated on resetting the economy and steering it toward a more sustainable path. He noted that while considerable strides have been made in stabilising the economy, unemployment—especially among the youth—remains a major concern.

According to the Finance Minister, Ghana’s growing youthful population presents both an opportunity and a challenge, as public sector employment alone cannot absorb the increasing number of job seekers. He stressed the importance of implementing targeted policies to drive job creation and expand opportunities for young people.

Dr. Forson revealed that the government is rolling out key programmes and policies designed to sustainably generate employment and improve livelihoods across the country.

Mr. Donohoe, in response, congratulated the Minister on the progress achieved so far and reaffirmed the World Bank’s commitment to supporting Ghana’s economic agenda. He highlighted plans for a Jobs and Growth Analysis initiative, which will help identify new avenues for employment and support long-term economic development.

Dr. Forson welcomed the continued partnership, noting that collaboration with the World Bank will be critical as Ghana works toward building a stronger economy, creating jobs, and securing a more prosperous future for its citizens.