The Managing Director and Chief Knowledge Officer of the World Bank, Paschal Donohoe, has praised the remarkable progress Ghana has made in stabilising its economy following a meeting with Finance Minister Dr Cassiel Ato Forson.

Mr Donohoe commended the government’s stewardship of the economy, noting what he described as a “remarkable improvement in Ghana’s national finances.”

He also expressed appreciation for the administration’s strong policy focus on young people and job creation. “I can see and appreciate your focus on youth development,” he said, adding that the World Bank strongly supports Ghana’s emphasis on employment as the next phase of economic transformation.

He further described Ghana as an “anchor of stability for the region,” expressing confidence in the country’s economic leadership.

“The economy is in very safe hands,” Mr. Donohoe added, assuring that the World Bank “is ever ready to support” Ghana as it continues its reform and development agenda.

On his part, Finance Minister, Dr. Cassiel Ato Forson, noted that the past year had been focused on resetting the economy and placing it firmly on a path of sustainability.

He emphasised that while significant progress has been made, unemployment remains a big challenge, particularly given Africa’s rapidly growing youthful population.

He explained that the government is therefore putting in place major policies and programmes aimed at creating sustainable jobs, recognising that public sector employment alone cannot absorb the continent’s expanding youth population.