| Financier | Commitments |
|---|---|
| IDA Credit | 150.00 |
PFM for Service Delivery Program
Abstract*
Ghana’s macro-financial risks have risen in part by concerns over precarious fiscal situation in the context of mounting public debt, contingent liabilities, and growth prospects that are susceptible to more variants and waves of the COVID-19 pandemic. Inadequate management of state-owned enterprises (SOEs), particularly in the energy sector, has resulted in chronic operational losses and substantial accumulated debt. The Government has responded... Show More
Development Objective
To improve resource mobilization and allocation, budget execution and accountability.
Key Details
Project Details
P176445
Active
Raymond Muhula , Smile Kwawukume
Republic of Ghana
March 30, 2022
(as of board presentation)
June 10, 2022
June 1, 2023
US$ 150.00 million
Ministry of Finance
2022
US$ 150.00 million
N/A
Moderate
September 30, 2027
Yes
BANK APPROVED
June 10, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 150.00 |
| IBRD + IDA Commitment | 150.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 150.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 10, 2022 | IDA-71460 | Loan Commitment | 150,000,000.00 |
| May 8, 2024 | IDA-71460 | Int Charges | 210,618.89 |
| Nov 1, 2023 | IDA-71460 | Loan Disb | 2,000,000.00 |
| May 8, 2024 | IDA-71460 | Int Charges | 217,050.00 |
| Nov 9, 2023 | IDA-71460 | Loan Disb | 35,000,000.00 |
| May 8, 2024 | IDA-71460 | Int Charges | 210,618.89 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Monitoring and Evaluation | Moderately Satisfactory | 2025-03-04 |
| Progress towards achievement of PDO | Satisfactory | 2025-03-04 |
| Overall Implementation Progress (IP) | Satisfactory | 2025-03-04 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Proportion of total contracts value that followed competitive procurement methods with awards published Value 35.78 35.78 45.78 Date June 30, 2022 March 29, 2024 June 30, 2027 Comment Proportion of all government payments made on or before their due date Value 0.00 0.00 75.00 Date June 30, 2022 March 29, 2024 June 30, 2027 Comment Proportion of internal and external audit recommendations for a fiscal year implemented by the end of the subsequent fiscal year end Value 0.00 76.70 50.00 Date June 30, 2022 March 1, 2024 June 30, 2027 Comment Total GRA tax collection to GDP ratio Value 12.30 14.10 15.30 Date June 30, 2022 March 29, 2024 June 30, 2027 Comment Performance of budget committees including on climate and gender considerations (improvement in performance scores) Value 0.00 0.00 20.00 Date June 30, 2022 March 1, 2024 June 30, 2027 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Increased tax receipts Value - New Tax Expenditure bill submitted to the Parlia Tax Exemption Act (Act 1083) was passed in 2022 an - Adopt data-driven, revised policy framework for Date June 30, 2022 March 1, 2024 June 30, 2027 Comment Enhanced transparency of SOE sector Value - SOEs are not subjected to comprehensive performa - SOEs are not subjected to comprehensive performa - Fifteen (15) SOEs’ comprehensive performance eva Date June 30, 2022 March 1, 2024 June 30, 2027 Comment Budget holders effectively and transparently implement their approved budgets Value - District health and education offices don't use - In addition to all MDAs, MMDAs and13 Statutory F - 650 additional education and health institutions Date June 30, 2022 March 1, 2024 June 30, 2027 Comment PFM reforms implementation is effectively led through an adequate governance structure and an effective change management approach Value - No regular progress reporting was done on the la - No regular progress reporting was done on the la - Two (2) semi-annual PFM Strategy implementation Date March 1, 2024 March 29, 2024 June 30, 2027 Comment Taxpayer compliance facilitated Value - 226 hours to prepare, file, and pay value added - 226 hours to prepare, file, and pay value added - Reduction in number of hours to prepare, file, a Date June 30, 2022 March 1, 2024 June 30, 2027 Comment Improved women's skills and safety in filing taxes as a result of a separate help desk Value 0.00 0.00 70.00 Date March 31, 2022 March 29, 2024 June 30, 2027 Comment Improved management of public investments Value - Baseline to be determined for the share of total - 82 percent of total CAPEX for 2024 allocated for - 75 percent of total CAPEX allocated for: a) fund Date June 30, 2022 March 1, 2024 June 30, 2027 Comment Improved accountability and legislative oversight Value - Govt annual audited financial statements do not - Govt annual audited financial statements do not - Govt annual audited financial statements include Date March 1, 2024 March 29, 2024 June 30, 2027 Comment Enhanced coordination and alignment of external finance Value - Five (5) sectors had 2 meetings of the SWG held - Five (5) sectors had 2 meetings of the SWG held -14 sectors where at least 2 sector working group Date June 30, 2022 March 1, 2024 June 30, 2027 Comment Improved preparation of budget Value - Budget ceilings continue to be changed during th - Budget ceilings continue to be changed during th - (a) Hard budget ceilings are introduced for MDAs Date June 30, 2022 March 1, 2024 June 30, 2027 Comment