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Ghana, World Bank sign $200m loan deal for COVID-19 vaccination

The World Bank and the government of Ghana have signed a $200-million loan agreement for the West African country’s COVID-19 vaccination programme – the second such facility.

The gold-producing country’s Finance Minister Ken Ofori-Atta told journalists that: “We must continue laying the foundation for an enabled welfare state”, adding: “One that helps people and restores dignity to the lives of our fellow Ghanaians”.


“Now, the intervention therefore of these resources is important”.


“That is, if our people are not vaccinated, we will not have the energy and dynamism to transform our economy and be a contributor to much better investments.”

Undoubtedly”, he noted, the “government cannot do this alone”, explaining: “we need deeper engagements from multilateral partners to facilitate the provision of the requisite finance and technical support to invest in human capital and build fiscal infrastructure and comprehensively tackle development challenges that inhabit the SDG goals being attained”.


“At its very core, this will require the availability of all innovative financial support to ensure that critical interventions in response to COVID-19 are immediate and swift.


“The signing of this agreement today forms an essential part of the government’s drive to build back better and greener, and clearly, I would like to thank the World Bank, the IDA and the Minister of Health for their immense contribution and support not only to combating the pandemic but also furthering government’s transformation agenda,” he said.


World Bank Country Director, Pierre Laporte, also said: “This specific project is focusing mostly on the vaccines, while the first two projects supported mostly the initial efforts to put in place systems and supports to fight the immediate impact”.

We are now moving to the next phase, and we think that this is extremely important for Ghana because the results are supporting the whole system to be better prepared to deliver vaccines to the people, which is critical in the wake of the health system”.





KobbyLaylow is the founder and editor of the fast growing website A Professional Facilitator and advocate as well. His favorite quote is ''If you love yourself,just know you'll never be alone.''

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