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Ghana Is 7th Top Recipient Country Of IMF

Ghana is the world’s seventh-largest recipient of World Bank assistance.

Between 1961 and 2024, the nation received a total of US$11.2 billion in support from the International Development Association (IDA).

First, second, and third place go to Ethiopia (US$23.4 billion), Nigeria (US$18.8 billion), and Vietnam (US$18.5 billion).

With US$10.2 billion in IDA assistance, China comes in at number eight.

Of the ten largest recipient nations, eight are in Sub-Saharan Africa.

With an emphasis on reaching isolated and underserved regions of the continent, IDA, the World Bank’s lending arm, has contributed more than US$287 billion in finance to help development in the world’s poorest nations since its founding in 1960.

Over the course of IDA’s existence, almost 73% of all IDA disbursements—or slightly more than US$210 billion—have gone to African nations. With US$41.8 billion, or 14.5% of the lending, East Asia is the second-largest region to receive funds from IDA.

US$11.2 billion (3.9%) went to Latin America and the Caribbean, while US$17.5 billion (6.1%) went to Europe and Central Asia.

With US$7.1 billion, or 2.5 percent of the total lending, the Middle East received the least amount.

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