
World Bank downgrades Ghana’s energy recovery programme to ‘Unsatisfactory’, cites Finance Ministry fiscal controls and election-related delays
The World Bank has downgraded Ghana’s Energy Sector Recovery Programme from “Moderately Satisfactory” to “Unsatisfactory”, saying implementation has fallen behind schedule because of financing constraints, election-related disruptions, new procurement controls and delays by implementing agencies.
In its latest implementation report dated June 30, 2026, the Bank said a lack of Commitment Authorizations from the Ministry of Finance, alongside new fiscal controls and procurement restrictions, had delayed several key reforms across the electricity sector.
The World Bank’s downgrade therefore underscores that restoring the sector’s financial health will depend not only on raising additional revenue, but also on sustained implementation of the structural reforms intended to improve operational efficiency and financial performance.
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