Business & Finance

None of Our Projects in Ghana is Suspended- World Bank

The World Bank has shot down claims suggesting two of its funded projects in Ghana have been suspended.

In a statement, the Bank indicated that the claims which have circulated on social media and gained momentum in some of the mainstream media are false.

“No projects in the World Bank-financed portfolio in Ghana are currently suspended,” it is quoted as saying by JoyNews.

The false news was fueled by a report by High Street Journal which cited sources at the World Bank as stating funding for the $200 million Tree Crops Diversification Project and the $200 million Ghana Digital Acceleration Project (GDAP) had been suspended.

The reports cited the National Democratic Congress (NDC) government’s mass dismissal in some sectors of the economy following its takeover from the New Patriotic Party (NPP) government.

The online news agency further reported that experts believe these dismissals, along with others across government institutions, could lead to the suspension of additional World Bank-supported projects, which will put more critical initiatives at risk if laid-down procedures continue to be ignored.

 

Source: opemsuo.com/Hajara Fuseini

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