World Bank Mobilises $1.4bn in Private Capital for Ghana Since 2022
The World Bank Group has mobilised $1.4 billion in private capital for Ghana since 2022, including $400 million in fiscal year 2026, as it seeks to attract more investment into developing economies and support job creation.
The institution says Ghana needs a predictable business environment and stronger conditions for investment to encourage companies to commit more capital, expand their operations and employ more people.
The figures were contained in a statement from the World Bank Group outlining its efforts to use financing, expertise and guarantees to attract private investment into development projects.
Globally, the Group mobilised a record $112 billion in private investment in fiscal year 2026, more than three times the amount recorded in 2022.
It also issued more than $25 billion in guarantees, exceeding its 2030 target four years ahead of schedule.
The guarantees help reduce some of the risks that can discourage private investors from financing projects in developing countries.
Ghana faces task of turning investment into jobs
The World Bank Group said Ghana’s progress showed the potential for private capital to support national development priorities when combined with a business environment that gives investors confidence.
It also acknowledged that more work was needed to improve investment conditions and attract additional capital into the country.
For Ghana, the key question is how the funds mobilised will translate into business expansion, productive activity and employment.
Private investment can help finance projects and business activities that public funds alone may not be sufficient to support. Its impact, however, depends on the sectors receiving the money, the projects being financed and the jobs and other economic opportunities they generate.
The World Bank Group said its approach was not to replace its own financing with private capital, but to use its funding and risk-sharing instruments to attract additional investment towards countries’ development priorities.
Private capital grows unevenly across developing countries
The growth in private capital mobilisation has varied across income groups.
Since 2022, the amount mobilised in upper-middle-income countries has more than quadrupled, rising from $12 billion to $50 billion. In lower-middle-income countries, it has nearly tripled, from $14 billion to $37 billion.
In low-income countries, where investors often face greater risks, the amount mobilised remained at about $3 billion.
The figures point to the continuing difficulty of attracting private investment into poorer economies, despite efforts to reduce risks through guarantees and other financing instruments.
The World Bank Group says it wants to build on the progress by working with governments to improve investment conditions and bring more private capital into development projects.
For Ghana, the challenge is to attract more of that capital and ensure that it supports businesses, expands economic activity and creates jobs.
