Ghana: Sixth Poverty Reduction Support Credit

WASHINGTON, June 3, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:

 

 

 

IDA Credit: US$100 Million

TERMS: Maturity = 40 Years; Grace Period = 10 Years

PROJECT DESCRIPTION: This project focuses on selected reforms to: accelerate private sector-led growth, develop human resources, and promote good governance. While the PRSC-6 support would translate primarily into funding for the GPRS I1 implementation, particular

attention is given to leveraging the poverty emphasis of sector focused operations

by ensuring appropriate expenditure allocation (level and structure) and addressing the financing implications of some policy actions. The latter includes the extension of capitation grants, the removal o f school fees, the deployment of teachers and health care professional to under-served areas, and the implementation of an inclusive health insurance scheme.

 

For more information, please call Aby Toure at (202) 473-8302 or e-mail here at akonate@worldbank.org

 

For project information on World Bank projects in Ghana, please visit this website