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Ghana, World Bank strengthen ties to boost growth in key sectors
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has met with the President of the World Bank Group, Ajay Banga, to deepen cooperation and open new opportunities for Ghana’s development.
The meeting, held on the sidelines of the IMF–World Bank Annual Meetings, focused on expanding support for both ongoing and new projects that aim to accelerate the country’s economic growth.
Dr. Forson and Mr. Banga agreed to focus on five main areas that are vital to Ghana’s progress including education, health, energy, roads, and agriculture.
The two leaders believe that stronger investment and collaboration in these sectors will have the greatest impact on improving lives and driving national development.
According to Dr. Forson, these sectors are central to Ghana’s long-term economic goals and will form the basis of future partnerships with the World Bank.
“With this renewed collaboration, we are working together to accelerate Ghana’s journey toward a more resilient, inclusive, and sustainable economy,” he stated.
The Finance Minister was joined at the meeting by the Governor of the Bank of Ghana, Dr. Johnson Asiama, and Ghana’s Ambassador to the United States, Victor Smith.
By: Jacob Aggrey
The Public Accounts Committee (PAC) today commenced its second Zonal Public Hearing in Kumasi Ashanti Region to examine the 2024 Auditor-General’s Report on public schools and District Assemblies yesterday, April 20, 2026.
In her opening remarks, the Chairperson of the Committee, Abena Osei Asare noted that the Committee will consider four (4) Auditor – General’s reports, namely, District Assembly Common Fund (DACF) & Other Statutory Funds, The Accounts of District Assemblies for the Financial Year (IGF), Pre-University Education Institutions and lastly Colleges of Education in the year ending 31st December 2024.
She assured the various District Assemblies and other institutions invited to respond to infractions cited in the Auditor-General’s report that the Committee would be transparent in asking questions as well as granting opportunities to all to explain issues to the Committee.
Abena Osei Asare, allowed the Ranking Member of the Committee, Samuel Atta Mills to chair the sitting with the explanation that her government was in power then, therefore she could not chair over Auditor-General reports of 2024.
The Ghana Audit Service has issued a correction to its Auditor General’s report on the nationwide payroll audit, clarifying that a GH¢427,995,661.40 figure wrongly attributed to a public servant was due to a transpositional error.
In a press release dated April 21, 2026, the Service explained that the amount earlier linked to Frank Oliver Kpodo does not belong to him.
It stated that the figure rather relates to unaccounted staff under the Ministry of Education during the payroll audit covering the period from January 1, 2023 to June 30, 2025.
The Service expressed concern over media reports that cited Mr Kpodo as having received the amount as unearned salary, stressing that the attribution was an error.
It offered an unreserved apology to Mr Kpodo for the distress and public scrutiny the mistake may have caused.
The Service also apologised to the Government, the people of Ghana, and the Controller and Accountant General’s Department for the error.
According to the corrected report, the GH¢427.9 million is linked to 3,476 unaccounted staff under the Ministry of Education, making it the highest figure recorded in the audit.
The nationwide payroll audit covered 6,270 records across several public institutions, with a total salary value of GH¢801,808,427.04.
Other institutions captured in the report include the Judicial Service of Ghana, the Electoral Commission of Ghana, and the Ministry of Health, among others.
The Audit Service noted that the corrected summary has been provided to ensure accuracy and maintain public trust in its work.
It reaffirmed its commitment to accountability and transparency in the management of public funds.
By: Jacob Aggrey
