World Bank MD concludes Ghana visit, reaffirms support for jobs, education and private sector-led growth

By:  News Desk Report 

The World Bank Group's Managing Director and Chief Knowledge Officer, Paschal Donohoe, has concluded a three-day official visit to Ghana, reaffirming the Bank’s commitment to supporting the country's economic recovery, job creation, and long-term development.

The visit, Mr. Donohoe's first official mission to Africa since his appointment in November 2025, took place from March 15 to 18 and included meetings with President John Mahama, Finance Minister Dr. Cassiel Ato Forson, Education Minister Haruna Iddrisu, senior government officials, private sector leaders, civil society representatives, academia, and development partners. Discussions centered on advancing reforms to promote inclusive sustainable growth.

World Bank Group's Managing Director and Chief Knowledge Officer, Paschal Donohoe

Mr. Donohoe was accompanied by Marina Wes, Director of Strategy and Operations for the Western and Central Africa Region; Robert Taliercio O'Brien, Country Director for Ghana, Liberia, and Sierra Leone; Nathalie Kouassi-Akon, IFC Division Director for West Africa Gulf of Guinea; and Kyle Kelhofer, IFC Senior Country Manager for Ghana and Liberia.

Focus on economic stability and jobs

The mission opened with a high-level meeting with Finance Minister Dr. Cassiel Ato Forson, during which Mr. Donohoe commended the government's progress in stabilising the economy and restoring fiscal discipline, describing the improvement in Ghana's national finances as remarkable.

The Finance Minister acknowledged the gains but stressed that youth unemployment remains one of Ghana’s most pressing challenges. He indicated that public sector employment alone cannot absorb Africa's rapidly growing youth population, and underscored the need for deliberate, policy-driven private sector job creation.In support of these efforts, the World Bank confirmed plans to undertake a Jobs and Growth Analysis to identify priority sectors for employment expansion and guide future policy and investment decisions.

Record investment in education and skills

A major milestone of the visit was the confirmation of a US$300 million World Bank commitment to Ghana's secondary education sector under the Secondary Education Transformation for Access, Relevance and Results for Jobs (STARR-J) programme, the largest single allocation to the sector in the institution's history in the country.

Announced during a joint visit to the Armed Forces Senior High Technical School in Burma Camp, Accra, with Minister of Education Haruna Iddrisu, the commitment nearly doubles the US$180 million initially discussed at the IMF/World Bank Spring Meetings in 2025. The programme is expected to commence in the current fiscal year.

STARR-J will support the rehabilitation and expansion of senior high schools and TVET institutions, with a strong focus on practical, job-relevant skills training. The Minister committed to reversing the TVET instruction ratio from 90percent theory / 10percent practical to 70percent practical, noting that World Bank investments in workshops and laboratory facilities are essential to achieving that shift.

STARR-J will rehabilitate and expand senior high schools and TVET institutions, with a strong focus on practical, job-relevant skills. The Minister committed to shifting the TVET instruction ratio from 90percent theory / 10percent practical to 70percent practical, noting that World Bank investments in workshops and laboratory facilities are essential for this transformation.

The programme builds on the achievements of the Ghana Accountability for Learning Outcomes Project (GALOP), which has trained over 70,000 teachers and directly benefited more than 3.1 million students, surpassing its target of 2.3 million. Mr. Donohoe described STARR-J as a continuation of that progress, designed to carry learning gains to higher levels of the education system.

Skills, industry collaboration, and NEET challenge

At the University of Ghana, Mr. Donohoe delivered the institution's first Vice-Chancellor's Occasional Lecture of 2026, calling for stronger collaboration between educational institutions and industry to address persistent skills mismatches. He described the skills mismatch as a structural coordination failure and urged employers to take a more active role in shaping curricula and training systems.

Data shows that 1.34 million young Ghanaians aged 15 to 24, or 21.5 percent of that cohort, are not in employment, education or training, he stressed that the challenge demands urgent, scaled action. "The data is clear on what works. The question is not what to do, but whether there are the political will and institutional capacity to do it on a scale," Mr. Donohoe said.

Climate, energy security, and industrial growth

The delegation also visited LMI Holdings’ 16.82 MW rooftop solar installation at the Tema Free Zones enclave — Africa's largest and the world’s third largest of its kind, co-financed by the IFC. Mr. Donohoe called for deeper collaboration between government and private investors to expand clean energy capacity, improve energy security, and support industrial growth.

LMI Holdings Chairman Kojo Aduhene used the occasion to call for regulatory reform to remove structural barriers currently limiting private solar investment at scale, identifying gaps in power wheeling rules and standardized power purchase agreement terms as specific constraints that must be addressed. The IFC reaffirmed its commitment to mobilizing private capital to support sustainable infrastructure and climate-aligned energy investments in Ghana.

Private sector growth and entrepreneurship

Mr. Donohoe also participated in a high-level IFC Business Council meeting with private sector leaders. Discussions focused on unlocking constraints to business growth, enhancing productivity, and scaling job creation, particularly for youth and women entrepreneurs, who own approximately 44 percent of Ghana's micro, small and medium enterprises. The World Bank Group emphasized that private sector-led development is central to Ghana's long-term growth strategy and remains a primary engine of employment creation across the continent.

A renewed partnership for inclusive growth

The visit reflects the World Bank Group's integrated approach to supporting Ghana, linking macroeconomic stability, human capital development, private sector growth, and clean energy investment into a coherent development partnership. Mr. Donohoe reaffirmed the institution's long-standing commitment to Ghana and its readiness to support reforms that deliver jobs, strengthen institutions, and promote inclusive growth. "The priority now is to work together to implement reforms at scale and ensure that growth translates into real opportunities for all Ghanaians," he said.