Audio By Carbonatix
Ghana is ranked 7th in the world as the biggest beneficiary of World Bank funding.
The country has received a total of US$11.2 billion of the International Development Association (IDA) funding from 1961 to 2024.
Ethiopia (US$23.4 billion), Nigeria (US$18.8 billion) and Vietnam (US$18.5 billion) are ranked 1st, 2nd 3rd respectively.
China is ranked 8th with IDA funding of US$10.2 billion.
Eight of the 10 biggest beneficiary countries are from Sub-Sahara Africa.
Since its establishment in 1960, IDA, the World Bank's lending arm, has provided a total of over US$287 billion in funding to support development in the world's poorest countries, with a focus on reaching remote and underserved areas of the continent.
Over the IDA’s lifetime, African countries have accounted for approximately 73% of total IDA disbursements, totaling just over US$210 billion. The second region with the highest amount received from the IDA is East Asia with US$41.8 billion accounting for 14.5% of the lending.
Europe and central Asia received US$17.5 billion representing 6.1%, Latin America and the Caribbean getting US$11.2 billion (3.9%).
The Middle East received the least amount of US$7.1 billion, representing 2.5% of the lending.
Latest Stories
-
Full text: Deputy Finance Minister delivers A-G’s report on 2024 arrears and payables
8 minutes -
Audit uncovers GH¢159m ‘ghost’ teacher trainee arrears
19 minutes -
Societe Generale Ghana records resilient performance amid macroeconomic resetting
34 minutes -
NaCCA applauds GPA at 50, stresses importance of books in education and national identity
35 minutes -
Grain scandal: Finance Ministry alarmed by GH¢61.7m ‘ghost transport’ payout in 2024
36 minutes -
ACPSEA launched to strengthen Africa’s peace and security architecture
38 minutes -
Tema port dredging to reduce delays for cement manufacturers – Deputy Trade Minister
40 minutes -
Mother allegedly assaults 12-year-old daughter over plantain sale in Abrabra
43 minutes -
Proposed mining royalty regime could cost Ghana nearly one million jobs – Patrick Boamah
43 minutes -
Gov’t blocks GH¢4.4bn in fraudulent recycled contract claims – Deputy Finance Minister
46 minutes -
Transport, Fisheries Ministries vow to operationlise James Town Harbour after years of neglect
48 minutes -
Auditor-General’s Report: Deputy Finance Minister flags missing rice, GH¢771m maize delivery shortfall
49 minutes -
Auditor-General uncovers GH¢9.4m payment backed by forged documents – Deputy Finance Minister
54 minutes -
Audit exposes massive ‘dry spell’ supply scandal; 10,000 tonnes of rice missing
57 minutes -
35 contractors paid $7.9m under Agenda 111 failed to start work – Audit
59 minutes
