Thomas Nyarko Ampem, Deputy Minister of Finance
The government has firmly debunked reports suggesting that the World Bank has suspended funding to Ghana.
Addressing the issue at the launch of the 50th anniversary of the KNUST School of Medical Sciences in Kumasi, Deputy Minister of Finance, Thomas Ampem Nyarko, described the claims as completely false, stating that no such communication has been received from the World Bank.
The Deputy Minister emphasised that the international financial institution does not operate arbitrarily and would formally engage the government if there were any valid reason to discontinue support for a particular project.
“The World Bank has not suspended any funding to Ghana. The World Bank does not work arbitrarily. If they have any just cause as to why a particular project should discontinue, they will engage government. As I speak now, we have no indication to that effect, so let us disregard that misinformation,” he stated on April 8, 2025.
The clarification comes in response to a widely circulated news item that falsely linked the purported funding suspension to the termination of certain individuals, and also featured a photo of Member of Parliament for Ningo Prampram, Samuel Nartey George.
However, government has dismissed the claims and purported image as false.
In a related development, the government announced significant budgetary commitments to the education sector.
Following the recent decision to uncap the National Health Insurance Levy, the government has also uncapped the Ghana Education Trust Fund (GETFund).
As part of this initiative, an amount of GH¢9.9 billion is being transferred to GETFund. Of this, GH¢3.5 billion has been allocated to support the Free Senior High School (SHS) programme, with the remaining funds directed towards improving infrastructure across various educational institutions in the country.
MA