| Notes: Washington DC, July 30, 2004 – The World Bank Board of Executive Directors yesterday approved an International Development Association (IDA) credit* of US$60 million in support of Ghanas Community-Based Rural Development Project whose overall objective is poverty reduction.
The project will also attend to several priority demands of rural populations in Ghana, including basic infrastructure such as; markets, potable water, health care, sanitation, and education, which is a successor project to the just completed Village Infrastructure Project.
“The project is expected to increase incomes in rural communities, to improve the access of rural people to basic social services and build capacities with a view to significantly increasing investments in economic, social and environmental activities", said Charles Annor-Frempong, the World Banks Task Team Leader for the project.
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