Publication

Ghana's largest and most important creditor for the past three decades has been the International Development Association (IDA), the soft loan window of the World Bank. However, Ghana's rapid economic growth and the recent GDP rebasing exercise has left the country above the income limit for IDA eligibility. Graduation comes with significant implications for access to concessional finance, debt and relations with other creditors. This paper explains the change in income status for Ghana and what it means for the country's relationship with the World Bank and its new middle-income status.