Xinhua
27 May 2023, 03:30 GMT+10
ACCRA, May 26 (Xinhua) -- The World Bank has approved 150 million U.S. dollars to help the Ghanaian government control flood in the country's capital of Accra, a release from the bank's Ghana office said Friday.
The World Bank financing was for the improvement of the Greater Accra Resilient and Integrated Development (GARID) project to improve flood risk management and solid waste management for more than 2.5 million people in the Odaw River Basin in the heart of the capital.
The World Bank said Accra, accounting for 40 percent of Ghana's non-oil gross domestic product, has been facing increased flood risks that may reduce the country's economic and social development potential.
The GARID project, said the World Bank, would prioritize investments to enhance resilience to flood risks and improve solid waste management systems in targeted communities of the Odaw River Basin area.
"This support is critical to achieving the World Bank's goals of ending extreme poverty, boosting shared prosperity and increasing the resilience of African cities," said Pierre Laporte, the World Bank country director for Ghana, Liberia and Sierra Leone. "The World Bank is happy to support Ghana amid these macroeconomic challenges and to help contribute to a holistic flood management approach through this additional financing of GARID."
Get a daily dose of Perth Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Perth Herald.
More InformationBEIJING, China: On his return to China after a three year absence, which is his company's largest production hub, Tesla ...
SANTA CLARA, California: As investors piled more capital into Nvidia, the chipmaker that has become one of the biggest winners ...
WASHINGTON D.C.: The U.S. Commerce Department has said that trade ministers from 14 countries have taken part in the US-led ...
ZURICH, Switzerland: In one of the largest legal awards ever against Credit Suisse, the bank was ordered to pay $926 ...
DETROIT, Michigan: Amid broader global concerns over semiconductor chip supplies, sanctions and national security, Chinese commerce minister Wang Wentao said ...
Islamabad [Pakistan], June 3 (ANI): A cabinet member on Thursday said Pakistan's request to lower the requirement of securing USD ...
WASHINGTON D.C.: The U.S. Commerce Department has said that trade ministers from 14 countries have taken part in the US-led ...
New Delhi [India], June 3 (ANI): Former Australian cricketer Greg Chappell believes that the Indian bowling attack will be an ...
Washington must upgrade its ?force posture? in the Indo-Pacific to better confront Beijing and Pyongyang, Lloyd Austin saidUS Defense Secretary ...
New Delhi [India], June 3 (ANI): Former Australian cricketer Greg Chappell believes that the Oval conditions will suit the star ...
Canberra [Australia], June 3 (ANI): Foreign Ministers of Australia and Sri Lanka on Saturday condoled the loss of lives in ...
New Delhi [India], June 3 (ANI): With a staggering population of over 1.4 billion, India emerges as a veritable powerhouse, ...