[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111062-en":3,"doc-seo-111062-105":28,"detail-sidebar-cat-0-en-105":88},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":20,"language":21,"language_code":22,"site_id":23,"html_lang":22,"table_of_contents":24,"faqs":25,"seo_title":13,"seo_description":14,"update_tm":26,"read_time":27},111062,1099513958607,"Jiven","https://ap-avatar.wpscdn.com/avatar/100002390cf8733938c?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778829742770036399",8,"Research & Report","Ghana-First Resilient Recovery Development Policy Financing - Chair Summary - January 23, 2024","Chair Summary dated January 23, 2024 records Executive Directors’ approval of an IDA credit to Ghana for the First Resilient Recovery Development Policy Financing (DPF) amounting to US$300 million under terms in the President’s Memorandum. Directors welcome the reform package to restore macroeconomic stability and enable sustainable, resilient growth, emphasizing domestic revenue mobilization, expenditure management, and transparency. Key discussion points include the Ghana Financial Stability Fund, safeguards for financial sector stability, private investment constraints, social protection, energy sector footing, and climate adaptation and mitigation.","Public Disclosure Authorized Public Disclosure Authorized  \nGhana-First Resilient Recovery Development Policy Financing  \nChair Summary*  \nJanuary 23, 2024  \nThe Executive Directors approved an IDA credit to the Republic of Ghana for the First Resilient Recovery Development Policy Financing (DPF) in the amount of US$300 million on the terms and conditions set out in the President’s Memorandum.  \nDirectors welcomed the DPF which supports an ambitious program of reforms to restore macroeconomic stability and lay the foundations for sustainable and resilient economic growth.  \nDirectors appreciated the reforms supported by the DPF series, noting the importance of strengthening domestic revenue mobilization, particularly through revenue reforms, with a focus on expenditure management and transparency. They inquired about the planned Ghana Financial Stability Fund (GFSF)’s design and objectives, noting the need to safeguard financial sector stability. They also asked for greater focus on removing impediments to private investment, putting the energy sector back on a sounder financial and operational footing, strengthening the country’s social protection architecture, and ensuring that climate adaptation and mitigation are better mainstreamed in policies.  \nDirectors commended the Ghanaian authorities for advancing a strong reform program in response to the current crisis and the progress accomplished in reaching an agreement on debt treatment with their external official creditors, under the G20 Common Framework. They cautioned against the potential risk of debt accumulation in the future.  \nDirectors noted that Ghana is still facing considerable macroeconomic risks, as well as risks related to institutional capacity and potential deteriorations in the global environment. They encouraged the World Bank to continue supporting the authorities with the reform program implementation. They called for further efforts to support growth, regulatory reforms, and the Government’s institutional-building initiatives. They also inquired about the social impact of the operation, including the outlook for poverty reduction, and the ambition of the results framework.  \nDirectors appreciated the close coordination between Ghana’s development partners, notably with the IMF, and highlighted the need for continued close coordination with development partners in supporting policy reforms. They also noted the value of the World Bank’s complementary work program in Ghana, including technical assistance to support the design and implementation of key policy reforms.  \n*This Summary is not an approved record.","cbCaifOSIQzX2Bcj","https://ap.wps.com/l/cbCaifOSIQzX2Bcj","pdf",64358,1,"English","en",105,"# Executive Directors’ Approval\n## Reform Priorities and Policy Focus\n## Discussion Topics and Risks\n## Coordination and Social Impact","[{\"question\":\"What was approved for Ghana under this DPF chair summary?\",\"answer\":\"Executive Directors approved an IDA credit to the Republic of Ghana for the First Resilient Recovery Development Policy Financing (DPF) totaling US$300 million, under conditions set out in the President’s Memorandum.\"},{\"question\":\"Which reforms are highlighted to support macroeconomic stability and growth?\",\"answer\":\"The summary emphasizes strengthening domestic revenue mobilization through revenue reforms, improving expenditure management, and enhancing transparency to restore macroeconomic stability and support resilient growth.\"},{\"question\":\"What governance and risk concerns did Directors raise?\",\"answer\":\"Directors cautioned about potential future debt accumulation, noted ongoing macroeconomic and institutional capacity risks, and encouraged continued support for implementation and growth-related regulatory reforms.\"}]",1784488404,3,{"code":4,"msg":29,"data":30},"ok",{"site_id":23,"language":22,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":83,"head_meta":85,"extra_data":87,"updated_unix":26},"ghana-first-resilient-recovery-development-policy-financing-chair-summary-january-23-2024","",{"@graph":34,"@context":82},[35,51,65],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,48],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":27},"https://docshare.wps.com/document/research-report/",{"item":49,"name":13,"@type":41,"position":50},"https://docshare.wps.com/document/ghana-first-resilient-recovery-development-policy-financing-chair-summary-january-23-2024/111062/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"inLanguage":22,"description":14,"dateModified":59,"datePublished":59,"encodingFormat":58,"isAccessibleForFree":60,"interactionStatistic":61},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":39,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":62,"interactionType":63,"userInteractionCount":4},"InteractionCounter",{"@type":64},"ViewAction",{"@type":66,"mainEntity":67},"FAQPage",[68,74,78],{"name":69,"@type":70,"acceptedAnswer":71},"What was approved for Ghana under this DPF chair summary?","Question",{"text":72,"@type":73},"Executive Directors approved an IDA credit to the Republic of Ghana for the First Resilient Recovery Development Policy Financing (DPF) totaling US$300 million, under conditions set out in the President’s Memorandum.","Answer",{"name":75,"@type":70,"acceptedAnswer":76},"Which reforms are highlighted to support macroeconomic stability and growth?",{"text":77,"@type":73},"The summary emphasizes strengthening domestic revenue mobilization through revenue reforms, improving expenditure management, and enhancing transparency to restore macroeconomic stability and support resilient growth.",{"name":79,"@type":70,"acceptedAnswer":80},"What governance and risk concerns did Directors raise?",{"text":81,"@type":73},"Directors cautioned about potential future debt accumulation, noted ongoing macroeconomic and institutional capacity risks, and encouraged continued support for implementation and growth-related 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