Ghana’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 →
The 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 →
The 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 →
The 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 →
Development 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 →
The 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 →
The 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 →
The 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 →
The 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 →
Ghana 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 →