The World Bank has dismissed speculations regarding the suspension of its funded projects in Ghana, affirming that all initiatives under its portfolio remain active.

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“No projects in the World Bank-financed portfolio in Ghana are currently suspended," the World Bank is quoted to have stated according to JoyNews.

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Also, Communications Minister Sam George has refuted such claims, describing it as "fake news."

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"The @WorldBank has NOT withdrawn any funds for the GDAP program. In the coming days, some interesting revelations would be made on the previous activities under the program," the Minister wrote in a post on X.

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This assurance comes in response to recent discussions suggesting that some World Bank-backed projects in the country had been put on hold due to financial or administrative challenges.

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The announcement provides clarity to government agencies, development partners, and beneficiaries, reinforcing confidence in ongoing projects across key sectors such as infrastructure, healthcare, education, energy, and agriculture. Any disruption to these initiatives could have had significant economic and social consequences, potentially affecting livelihoods and critical service delivery.

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The clarification arrives at a time when Ghana is striving to maintain financial stability and investor confidence amid broader economic recovery efforts. While the World Bank did not specify the reasons behind its statement, the move is likely intended to dispel uncertainties linked to Ghana’s financial engagements with global institutions.

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Concerns over potential delays in project funding, regulatory compliance, or fiscal policy changes have fueled speculation about the status of international development assistance. However, the World Bank’s stance reinforces its commitment to supporting Ghana’s economic and social development goals without interruption.

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Ghana continues to navigate economic challenges, including debt restructuring efforts, inflation control measures, and currency stabilization. With reliance on institutions like the World Bank and the International Monetary Fund (IMF) for financial and technical assistance, ensuring the smooth implementation of development projects remains a priority.

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By reaffirming the continuity of its projects, the World Bank seeks to sustain momentum in Ghana’s development agenda and mitigate any concerns that could impact public confidence and foreign investment.

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