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The Development Bank Ghana (DBG) is a government-owned development bank in Ghana.Owned by the government of Ghana, the institution has received grants and loans for on-lending to Ghana's commercial banks, from the African Development Bank, the World Bank Group, the European Investment Bank, and the German Development Bank. [1]
Parliament on Friday approved a $150 million loan agreement between the government and the World Bank's International Development Association to improve Accra's economic resilience.
The World Bank supported the process of private sector participation in the urban water sector from the beginning. After many tribulations a 5-year management contract was awarded in 2006. When the contract expired in 2011, the government decided not to extend it, saying that the private operator had not lived up to expectations.
Osafo-Maafo in more recent times worked as a consultant for the World Bank advising the Ministry of Finance and the Legislature of the government of Liberia. Since leaving the government, he has been critical of Ghana's government on issues such as the salaries paid to government officials and the proposed sale of Achimota Forest. [11] [12]
Major donors active in water supply and sanitation in Ghana are the African Development Bank, Canada, Denmark, the EU Commission, France, Germany, Japan, the Netherlands, and the World Bank. There is a Multi-Donor Budgetary Support Mechanism, a Water and Sanitation Sector Group as well as Joint Sector Annual Review Conferences between the ...
The World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American. [12] The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
As First Deputy Governor of the Bank of Ghana, Opoku-Afari serves as a member on many Government of Ghana agencies and committees that deal with financial policy and management, including: Member Board of Directors of Bank of Ghana (August 2017 to present) [18] Member Monetary Policy Committee of Bank of Ghana (August 2017 to present) [19]
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.