NewsWest AfricaGhana secures $105.5 million from GPE Fund, IDA

Mon,20Nov2017

Posted on Friday, 23 November 2012 15:23

Ghana secures $105.5 million from GPE Fund, IDA

Ghana has signed two agreements with the World Bank covering a $75.5 million grant facility from the Global Partnership for Education (GPE) and a $30 millioncredit from the International Development Association (IDA).

The facilities will assist the West African country to improve basic education services and increase infrastructure and other social services through public private partnerships. 



Ghana's Finance and Economic Planning minister Kwabena Duffour and Yusuf Crooks, the World Bank country director, signed the agreements on Thursday in Accra.

The $75.5 million grant under the GPE project, will be used to improve planning, monitoring and delivery of basic education services such as kindergarten, primary and junior high school in underprivileged communities. 



The ultimate aim is to help lay a foundation for improvement in teaching and learning for pupils and help to achieve the Millennium Development Goals on education in 2015.

The IDA credit facility will support Ghana's effort to improve the legislative, institutional, financial, and technical framework to generate a number of public private partnership projects.

The first component according to a brief on the GPE project says the facility will focus on sub-grants to poor districts to support key education objectives.

The second component will support specific development projects designed to enhance the quality of instruction, such as provision of school leaning materials and textbooks, and for minor rehabilitation of classrooms and construction of latrines.

The Ghana Education Service will implement the project under the supervision of the Ministry of Education. Ghana's education system has already received $19 million from the GPE fund.

The GPE dund was launched in October 2011 and supports activities aligned with the Global Partnership for Education's mission to enroll more children in school for a better education.

Meanwhile, the IDA has also earmarked $195 million for various infrastructural projects in the country.

These include the expansion of the Tema Hospital maternity ward,  rehabilitation of the Accra –Takoradi road, Accra-Tema motorway rehabilitation, Tema and Takordi port expansion, Korle-bu Teaching Hospital Diagnostic Services and rehabilitation and upgrading of Kotoka, Tamale, Kumasi, and Takoradi Airports.



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