The World Bank has reaffirmed its commitment to combating fund misuse in Ghana, warning that any misused funds will be reimbursed. Robert Taliercio O’Brien, Country Director, emphasized the institution’s strict measures during a Joy News interview.
“If we find misuse, we’ll ask for reimbursement,” O’Brien stated, adding that the government must address responsibility for repayment.
The World Bank takes fiduciary management seriously, sanctioning private firms engaging in corruption. A publicly accessible list of sanctioned firms underscores their commitment to transparency.
O’Brien acknowledged corruption as a global issue, stressing the importance of addressing cases through justice and system strengthening.
In Ghana’s fight against corruption, O’Brien described it as an ongoing challenge. The World Bank provided $100 million in COVID-19 support, which was largely managed properly, despite some irregularities flagged by the Auditor-General.
The World Bank has since developed a future financing plan to prepare for potential risks, reaffirming its commitment to accountability and transparency in Ghana.
