World Bank describes Ghana’s $430m COVID fight expenditure as satisfactory

The World Bank claims that the expense complied with procurement regulations.

The government has been charged with mismanaging the World Bank-funded COVID-19 program meant to combat the pandemic.

Pierre Frank Laporte, the country director for Sierra Leone, Ghana, and Liberia at the World Bank, stated on TV3 that “we know each and every dollar that is spent and accounted for.”

“We’ve conducted audits. We are generally comfortable that our resources were used in accordance with the procurement rules that were in place, however there are usually a few items here and there and some documentation that has to be followed.

“Not all of the COVID funding were used. There were immediate expenses to be made, but there were also building and equipment purchases to be made. We believe that our resources have been used appropriately, Mr. Laporte said.

The World Bank’s funding was used, among other things, for patient intake facilities, lab equipment, awareness initiatives, and communication efforts.

The acquisition of vaccines was also supported by an additional $130 million from the World Bank.

The International Monetary Fund (IMF) was approached by President Nana Addo Dankwa Akufo-administration Addo’s for a bailout in order to maintain the nation’s development, according to Eastern Regional Minister Seth Kwame Acheampong.

He claimed that the government’s request for IMF assistance was not made in order to address the nation’s economic problems.

During the Eid-ul-Adha celebration this year, he told the Muslims gathered in Koforidua’s Central Mosque about this.

The Minister stated that contrary to what certain Ghanaians, particularly those in the National Democratic Congress, have claimed, Ghana is not bankrupt (NDC).

remarked Acheampong “The President stated that while we know how to revive the economy, we cannot revive the deceased during the COVID pandemic. Therefore, the course of economic recovery is the same as it is at this time. I am aware that many people believe Ghana’s financial situation is the reason we are approaching the IMF. No! This is not truly the case.

“Although there is enough money to run the country, the administration is going to the IMF to request more money so that it may continue its programs and development initiatives. As a result, Ghana is not insolvent.”

“Ghana has already sought assistance from the IMF. People will claim that the government has mismanaged the economy for political reasons, but that is untrue.”

All nations are struggling to regain a sense of normalcy after the terrible impacts of the COVID-19 epidemic, which have been made worse by Russia’s invasion of Ukraine, according to President Nana Addo Dankwa Akufo-Addo.

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