Additional financing of $19.39 million was approved by the World Bank Board of Executives Directors Monday.
It is based on two tranches of a grant and loan of $9.89 million for Artisanal Small-scale Gold Mining (ASGM) in Forest Landscapes and $9.50 million to build private sector engagement in plantation activities in the Brong-Ahafo, Ashanti, Eastern and Western regions of Ghana.
“The additional financing operation is fully consistent with the World Bank Group’s goals to end extreme poverty and to promote shared prosperity with environmental, social, and fiscal sustainability. It is also aligned with the recent Systematic Country Diagnostic which prioritized the need for taking immediate measures, including implementing the ‘Cocoa Forest Mosaic Landscape’ and control and mitigation of artisanal mining, to stop deforestation and degradation,” said Henry Kerali, World Bank Country Director for Ghana, Liberia and Sierra Leone.
Source: Ghana web