ALL POSTS FILED UNDER: WORLD BANK
Ghana should fix energy and cocoa sectors to protect economy – World Bank
Add a CommentThe World Bank has urged Ghana to urgently address structural challenges in its energy and cocoa sectors as part of a broader push to safeguard the country’s economic stability and growth prospects. In its 9th Economic Update for Ghana titled Addressing Labour Market … Read more →
Parliament approves $360m World Bank facility to support 2025 budget
Add a CommentParliament has approved a $360 million financing agreement between government and the World Bank’s International Development Association (IDA) for the Second Resilient Recovery Development Policy Financing. Deputy Finance Minister Thomas Nyarko Ampem presented the facility to the House on Tuesday. … Read more →
World Bank slaps gov’t over mass dismissals
Add a CommentThe World Bank has slapped Ghana with a suspension of two of its funded projects in the country following the government’s recent mass layoffs in key sectors. The affected projects are the $200 million Tree Crops Diversification Project and the … Read more →
‘Stay out of Ghana’s anti-LGBTQ debate’ – Prez Mahama to IMF, World Bank
Add a CommentPresident John Dramani Mahama has warned multilateral institutions like the World Bank and the International Monetary Fund (IMF) to avoid interfering in Ghana’s domestic policies, particularly concerning cultural and social issues such as LGBTQ+ rights. Speaking in an interview with … Read more →
World Bank lists five ‘alarming’ statistics on global hunger
Add a CommentThe World Bank has said that last year’s State of Food Security and Nutrition in the World report found that up to 733 million people globally suffered from malnutrition in 2023, an increase of 152 million since 2019. This sharp rise, … Read more →
World Bank: Ghana’s debt crisis demands tough fiscal reforms
Add a CommentThe World Bank has attributed Ghana’s fiscal challenges to a lack of budget discipline, leading to unchecked public spending, surging interest payments, and increasing financial constraints. In its latest Public Finance Review, the Bank highlights that excessive election-year spending, costly … Read more →
‘Rushing back to capital markets could be costly’ – World Bank warns Ghana
Add a CommentWorld Bank Country Director for Ghana, Liberia, and Sierra Leone, Robert Taliercio, has cautioned Ghana against making a premature return to international capital markets, warning that such a move could undermine the country’s recent economic recovery. Speaking at the launch … Read more →
Ghana’s economy to expand by 4.2% in 2025 despite mounting risks – World Bank
Add a CommentGhana’s economy is expected to expand by 4.2% in 2025 and 4.8% in 2026, according to the World Bank’s January 2025 Global Economic Prospects report. Ghanaian-themed art However, these figures remain below the pre-COVID-19 pandemic average of 5%, reflecting persistent … Read more →
Economies of Ghana, others projected to expand by 4.8% in 2024 – World Bank
Add a CommentExcluding Nigeria, Ghana, and countries in the West and Central Africa are projected to expand by 4.8% in 2024 and 5.1% in 2025-2026. According to the October 2024 World Bank Africa Pulse Report, this will be on the back of … Read more →
Parliament approves $250m World Bank loan to support energy sector
Add a CommentThe Parliament has approved a $250 million loan agreement from the World Bank to support the country’s energy sector. This loan was initially resisted by the Minority in the House ahead of the recess. The proponents explained that is intended … Read more →
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