The country will record a 4.5 percent economic growth rate for this year, according to World Bank’s report on economic prospects for countries around the world. The projection by the World Bank is far higher than government’s own estimates of 3.9% … Read more →
Zoomlion, the Ghanaian wastes management company, has appeared on a list of more than 600 companies worldwide that have been blacklisted by the World Bank for corrupt practices. The Bank announced the debarring of the company in September 2013 and … Read more →
EVEN though Ghana is currently to receive financial assistance amounting to US$2.029 billion from the World Bank Group for projects in various sectors of the country’s economy, Jim Yong Kim, President of the Bank during his visit to the country … Read more →
World Bank President Jim Yong Kim has assured Ghana that the Bretton Woods institution will advance the necessary financial support to help stabilize Ghana’s troubled economy. Mr. Kim gave the assurance at a meeting with President John Mahama this week. The meeting … Read more →
The World Bank has challenged the government of Ghana to be more pragmatic in its approach in tackling the filth that has engulfed the country, suggesting to President John Dramani Mahama to be bold to ban the use of plastic … Read more →
A leading World Bank Official is warning African countries to watch how much they borrow, particularly on the bond market. She has warned that not long ago, over 30 African countries benefited from a major international debt relief program, but … Read more →
The World Bank has released the full details of the loan $156 million loan facility it is granting to the government of Ghana to develop the nation’s educational sector with emphasis on secondary education. Parliament on Wednesday approved the loan … Read more →
The Chairman of the Finance Committee in Parliament, James Klutse Avedzi says although the Finance Ministry has put a moratorium on acquiring new loans, the $156 million loan from the World Bank is an exception. This follows Cabinet’s approval of … Read more →
The World Bank is making a strong case for Ghana and other members of ECOWAS to sign the Economic Partnership Agreement (EPA) with the European Union. According to the bank, the region’s manufacturing exports could see a major boost if … Read more →
The World Bank on Thursday postponed a $90m (£54m) loan to Uganda’s health system over a law that toughened punishment for gay people, an unusual move for an institution that typically avoids wading into politics. “We have postponed the project … Read more →