ALL POSTS FILED UNDER: WORLD BANK
World Bank forecasts 2.7% growth rate for Ghana in 2023
Add a CommentThe World Bank is projecting a 2.7% expansion of the Ghanaian economy in 2023, lower than Sub-Saharan Africa average of 3.6%, its January 2023 Global Economic Prospects report has revealed. It is however expecting the economy to grow by 3.5% … Read more →
World Bank classifies Ghana as high debt distressed country
Add a CommentThe World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6% by the end of 2022. According to its October 2022 Africa Pulse Report, debt is … Read more →
Ghana to receive $600m budgetary support from World Bank – Country Director
Add a CommentThe World Bank Country Director(Ghana), Pierre Frank Laporte has said Ghana likely to receive about 600 million dollars as balance of payment support for next year’s budget. He revealed this in an interview with TV3’s Paa Kwesi Asare on the … Read more →
29% of employees earning salaries better off than those self-employed – World Bank
Add a CommentThe World Bank has said that 29% of Ghanaians who are into wage employment are better off than 69% who are into self-employment. The Bretton Wood institution, therefore, wants the government to pay attention to that. Speaking at the 6th … Read more →
World Bank to advance $1 billion support to Ghana
Add a CommentThe World Bank is advancing a policy dialogue as part of the due diligence process to provide about US$1 billion financial support in a new country-partnership agreement to Ghana. The three-to-four-year agreement, which is be presented to the Board of … Read more →
World Bank halts aid to Afghanistan
Add a CommentThe World Bank has halted funding for projects in Afghanistan after the Taliban seized control of the country. It cited concerns over how the Taliban’s takeover will impact “the country’s development prospects, especially for women”. The move comes just days … Read more →
$170m judgement debt: World Bank warned you – Agyarko to NDC
Add a CommentThe World Bank warned Ghana against the number of Power Purchasing Agreements (PPAs) the Mahama administration was signing but the then government did not listen, President Akufo-Addo’s first Energy Minister in his first administration, Boakye Agyarko has said. “The World Bank gave the … Read more →
World Bank assures Ghana of continuous support for Flood Mitigation Initiatives
Add a CommentThe World Bank has assured government of its support for the Greater Accra Resilient and Integrated Development (GARID) project and other flood mitigation projects being implemented in the country. This was made known by the World Bank Country Director for … Read more →
World Bank projects oil price of $44 in 2021
Add a CommentThe World Bank is projecting a lower demand for oil next year, as the global economy recover from the impact of covid-19. It is also forecasting an average of $44 per barrel of oil price for next year, up from … Read more →
Coronavirus: World Bank predicts sub-Saharan Africa recession
Add a CommentSub-Saharan Africa will this year suffer its first recession for 25 years as a consequence of the coronavirus outbreak, a World Bank report predicts. In a grim assessment, the bank says that the region’s economy could shrink by as much … Read more →
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