ALL POSTS FILED UNDER: WORLD BANK
World Bank approves $250m for Energy Sector Recovery Programme
Add a CommentThe World Bank has approved a $250 million credit from the International Development Association (IDA) and a $10 million grant from the Energy Sector Management Assistance Programme for a 4-year Ghana Energy Sector Recovery Programme for Results (PforR). The PforR … Read more →
Ghana and 27 developing countries remain stuck in debt trap – World Bank
Add a CommentThe World Bank has disclosed that 28 developing economies including Ghana with – the weakest credit ratings – remain stuck in a debt trap with no hope of escape anytime soon. According to the Bretton Wood institution, their average debt-to-Gross … Read more →
UK hits back at World Bank criticism over aid cuts
Add a CommentDevelopment minister Andrew Mitchell has hit back at criticism over aid cuts for the world’s poorest, saying the UK was still a “very dominant force”. Mr Mitchell said that the UK was the third-biggest donor to the World Bank’s fund … Read more →
World Bank grants $27.7m concessionary funding to NHIS
Add a CommentThe World Bank has provided the National Health Insurance Scheme (NHIS) with $27.7 million concessionary funding to improve services, especially to the poor and vulnerable. The funding will enable the scheme to increase its population coverage, register more poor and … Read more →
World Bank’s active local portfolio hits $3.6 billion
Add a CommentThe active portfolio of the World Bank in the country is worth $3.6 billion across 21 active projects. The portfolio is spread across several sectors, with urban resilience and land attracting the largest investments of 17 per cent. The health, … Read more →
Gov’t didn’t misuse COVID-19 funds- World Bank
Add a CommentThe World Bank Country Director in Ghana, Frank Pierre Laporte, has confirmed that COVID-19 funds given by the bank during the outbreak of the disease were not misused by the Ghanaian government. The World Bank contributed a total amount of … Read more →
World Bank releases $150m for Odaw Basin flood control
Add a CommentThe World Bank has released $150 million to the government as additional funding to improve on flood resilience in the Odaw River Basin in the Greater Accra Region. The loan is to fund the Greater Accra Resilient and Integrated Development … Read more →
Prez. Akufo-Addo appeals for concessionary loans from World Bank, IMF
Add a CommentGhana has appealed to the World Bank and the International Monetary Fund (IMF) for concessionary loans to revive the economy as private sector funding dries up. The facility is a loan made on more favourable terms than the borrower could … Read more →
Ghana to receive $250m liquidity support from World Bank in Q3
Add a CommentThe World Bank has agreed to provide $250 million by the end of the third quarter of 2023 to support the Ghana Stability Fund, Finance Minister Ken Ofori-Atta has disclosed. The amount forms part of about $750m needed urgently for … Read more →
US puts forward Ajay Banga to lead World Bank
Add a CommentUS President Joe Biden is nominating Indian-American businessman Ajay Banga to lead the World Bank, after its current head resigned early. The move comes as the US calls for reforms at the bank, including more action to address climate change. … Read more →
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(Nana Kwesi)