ALL POSTS FILED UNDER: WORLD BANK
‘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 →
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 →
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