Ghana needs US$37bn yearly to fix urban crisis - World Bank
World Bank stated that Ghana requires an estimated US$37 billion annually to address its infrastructure deficit and support sustainable urbanisation. This statement was made at the ninth Ghana Urban Forum in Accra, where the government launched the National Urban Policy. Ms. Madhu Raghunath, Urban Resilience and Land Practice Manager at the World Bank, said that Ghana had become one of the most urbanised countries in Sub-Saharan Africa, with 57 per cent of its population living in cities and towns, and projected the urban population would more than double by 2050.
Ms. Raghunath identified flooding, inadequate housing, poor waste management, and traffic congestion as major urban challenges. In Accra alone, flood risk to assets is estimated to exceed US$20 million a year in average annual losses. The number of people living in slums increased from 5.5 million in 2017 to 8.8 million in 2020. Most urban households do not have access to waste services, with 38% disposing of waste in uncontrolled dumpsites and 23% through open burning.
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Ghana faces a significant urban crisis, with the World Bank highlighting the urgent need for substantial investment to address infrastructure
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