$ 1.7 billion for Ghana’s Development

from My Joy Online

Ghana’s development partners on Monday announced a 1.7 billion dollar support for the year 2008 to accelerate implementation of programmes under the country’s Growth and Poverty Reduction Strategy II.

The declaration came at the end of the 15th Ghana Consultative Group Meeting of government officials, development experts, partners and civil society organizations in Accra.

Ghana has in recent years witnessed a consistent increase in donor funding, reaching a level of 1.2 billion dollars last year.

Mr Filiberto Ceriani Sebregondi, Head of EU Delegation in Ghana, said the increased support was the joint effort of donors to align their contributions to the development aspirations of Ghana.

“We have constantly engaged in the last few years in a progressive alignment of aid to the country’s priority of human resource development, private sector competitiveness and good governance,” he told a press conference shortly after the meeting.

He was confident that the donors would deliver on their commitments in view of the performance in the last two years.

Development partners had delivered about 95 per cent of their commitments in the last few years.

Mr Ishac Diwan, World Bank Country Director, said attention was paid at the meeting to the oil and food price shocks and how it could impact on the country’s growth prospects.

He said the country had shown enough economic stability, which had enabled it to withstand the shocks.

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