First Resilient Recovery Development Policy Financing

The development objective of the First Resilient Recovery Development Policy Financing for Ghana is to restore fiscal sustainability; support financial sector stability and private sector development; improve energy sector financial discipline; and strengthen social and climate resilience. Restoring macroeconomic stability is a precondition for Ghana to resume private sector-led growth and to reign-in inflation, which disproportionately affects the most vulnerable. Smart fiscal adjustment is required to rebuild the buffers needed to sustainably finance investments in physical and human infrastructure. Finally, the current crisis is an occasion to modernize Ghana’s social protection architecture and build the foundations for greener and more climate-resilient growth.