The World Bank has revealed that it is expecting its recent disbursements to Ghana to trigger fresh donor funding and private capital investment for the country.

The Bank since January has advanced over 800 million dollars expected before the end of this year.

Senior Economist at the World Bank Group, David Elmaleh said he is hopeful the approval of the funds will encourage other donor partners to come on board to support Ghana’s economic recovery programme.

"The fact that the World Bank approves this operation is in fact a recognition of the reform programmes enacted by the government and the fact that it’s starting to bear fruits", he said.

Mr. Elmaleh added that the World Bank is projecting an economic recovery for Ghana in the near future due to the support.

He assured that the Bretton Woods institutions will continue to collaborate to help developing countries like Ghana.

“The reforms that we’ve supported will help to further advance the country and could attract the support of others. I think that the World Bank as an institution is aware that this crisis has been very difficult for Ghanaians. We are doing everything we can jointly with partners to help get out of this crisis”.

Mr. Elmaleh stated that the expectations of the bank is to see government invest in areas that will help reduce poverty and create jobs.