One effect of Ghana becoming a "lower middle income country" a few years ago is that many donors retreated.
The World Bank thus became the country's most important strategic "development partner".The role of the World Bank in Ghana's governance affairs thus require serious scrutiny from public policy analysts and activists.In recent years, the World Bank has had to step in with large pots of money to support the government's efforts to patch up the country's banking and financial system due to the lingering effects of a mass shutdown of dozens of financial institutions and the ongoing fiscal crisis.$250 million was allocated by the World Bank to support "financial stability" in Ghana.
The separate "Financial Sector Development" effort was allocated $30 million for rollout of various initiatives to start in 2019.Our careful review of results for this spending leaves much to be desired.
The challenge here is that the selection of projects themselves was questionable yet those are matters of political judgement.