ALL POSTS FILED UNDER: WORLD BANK
World Bank’s active local portfolio hits $3.6 billion
Add a CommentThe 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 →
Gov’t didn’t misuse COVID-19 funds- World Bank
Add a CommentThe 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 →
World Bank releases $150m for Odaw Basin flood control
Add a CommentThe 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 →
Prez. Akufo-Addo appeals for concessionary loans from World Bank, IMF
Add a CommentGhana 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 →
Ghana to receive $250m liquidity support from World Bank in Q3
Add a CommentThe World Bank has agreed to provide $250 million by the end of the third quarter of 2023 to support the Ghana Stability Fund, Finance Minister Ken Ofori-Atta has disclosed. The amount forms part of about $750m needed urgently for … Read more →
US puts forward Ajay Banga to lead World Bank
Add a CommentUS President Joe Biden is nominating Indian-American businessman Ajay Banga to lead the World Bank, after its current head resigned early. The move comes as the US calls for reforms at the bank, including more action to address climate change. … Read more →
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 →
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(Nana Kwesi)