Important flood protection projects have been slowed down by the Ministry of Finance’s fiscal limitations – World Bank

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

The World Bank has blamed fiscal controls introduced by the Ministry of Finance for major delays in the implementation of Ghana’s US$350 million Greater Accra Resilient and Integrated Development Project, warning that funding restrictions have slowed critical flood mitigation works despite the project remaining fully financed.

The Bank’s latest project restructuring paper shows that implementation of the GARID Project has been “significantly constrained” by fiscal measures introduced in 2025, including a ceiling on project disbursements and the temporary transfer of GH¢13.80 million from the project’s designated account.

Source: newsthemegh.com