Finance

We have not suspended any projects in Ghana – World Bank

The World Bank has debunked reports suggesting that it has suspended some of its projects in Ghana.

In an official release on April 3, 2025, the organisation stated, “No projects in the World Bank-financed portfolio in Ghana are currently suspended.”

It assured stakeholders, including government agencies, development partners, and beneficiaries, that all projects under its portfolio in Ghana remain active and operational.

Earlier reports had claimed that the institution had halted some projects and initiatives in Ghana due to the withdrawal of certain individuals.

The World Bank’s contributions to Ghana span various critical sectors, including infrastructure, education, healthcare, agriculture, and energy.

Concerns over potential project suspensions could have raised uncertainties regarding funding availability, governance issues, and policy shifts, factors that may impact both public confidence and foreign investment.

The Minister of Communications, Samuel Nartey George, also refuted the reports that the World Bank had suspended projects due to government dismissals.

“The World Bank has NOT withdrawn any funds for the GDAP program. In the coming days, some interesting revelations will be made on previous activities under the program,” he wrote on his X page on April 2, 2025.

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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