World Bank approves $500 million for Ghana's roads, targeting 1,050km of feeder roads

The World Bank has committed $500 million to significantly upgrade Ghana's road infrastructure and revolutionize its transportation system. This substantial investment is poised to invigorate economic activity across various sectors, bolster agricultural output, and improve the livelihoods of citizens.

A key objective of the funding is the rehabilitation of approximately 1,050 kilometers of feeder roads. These roads are crucial for connecting rural communities to markets and essential services. By improving their condition, the project aims to reduce the considerable economic losses Ghana currently incurs due to its poor road network, losses that are estimated to amount to GH¢4.5 billion annually.

Robert R. Taliercio, World Bank Divisional Director for Ghana, Liberia, and Sierra Leone, highlighted the transformative potential of this investment. The initiative is designed not only to enhance physical connectivity but also to foster broader economic development and improve the quality of life for Ghanaians. The project signifies a major step towards addressing long-standing infrastructure challenges in the country.

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The World Bank has approved $500 million to improve Ghana’s road infrastructure and transform the transport sector, with the investment expected to boost economic activity, agriculture and livelihoods.