ALL POSTS FILED UNDER: WORLD BANK
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 →
World Bank set to disburse $1bn to Ghana to help stabilise economy
Add a CommentThe World Bank is planning to disburse US$1 billion over the next 12 months to help in stabilising Ghana’s economy, and support private businesses. This is in addition to a $1.6 billion already disbursed for Ghana since last year to … Read more →
World Bank hails Ghana Banking sector reforms
Add a CommentGhana’s banking sector has made significant strides in recent times, with over half of the 23 operating banks well-positioned to avoid recapitalization. This is according to the World Bank’s 8th Ghana Economic Update, which highlights the sector’s improved resilience and … Read more →
Ghana’s economic prospects on track amid reform – World Bank
Add a CommentGhana’s economic indicators remain on track for 2024 and beyond, the World Bank’s 8th Economic Update for Ghana titled “Strengthening Domestic Revenue Systems for Fiscal Sustainability” has revealed. This is despite the recent increases in the pace of exchange rate depreciation and … Read more →
COCOBOD secures $100m World Bank support for cocoa rehabilitation
Add a CommentThe Ghana Cocoa Board (COCOBOD) has secured a US$100 million financing facility from the World Bank to rehabilitate old farms across six cocoa-growing districts in the country. The beneficiary cocoa-growing districts of the project include Assin Fosu, New Edubiase, Nkawkaw, … Read more →
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 →
(Selorm) | 
(Nana Kwesi)