The World Bank has issued a definitive statement dispelling speculation about the status of its funded projects in Ghana. In a brief but crucial communication released today, the global financial institution stated unequivocally, “No projects in the World Bank-financed portfolio in Ghana are currently suspended.” This clarification comes amidst recent concerns and reports suggesting that […]
World 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 of the World Bank’s latest Public Finance Review report, titled “Building the Foundations for a Resilient […]
Ghana placed 2nd in remittance flows to Africa in 2023, the World Bank has revealed in its 2024 Migration Development Report. The country recorded $4.6 billion in remittance receipts in 2023. Nigeria came 1st with remittance flows of $19.5 billion. Kenya, Zimbabwe and Senegal came 3rd, 4th and 5th with inflows of $4.2 billion, $3.1 billion and […]
Finance Minister, Dr. Mohammed Amin Adam, has announced that the country’s economy is undergoing a robust rebound after enduring significant challenges over the past two years. He noted that all key indicators are trending positively and are expected to improve further. Speaking at a UK Town Hall meeting on Saturday, June 22, Dr Amin Adam […]
The World Bank has called for transparency and accountability in government’s School Feeding Programme. It warned that it may be forced to cut financial support to the School Feeding Programme if government fails to implement reforms that address full transparency and accountability. In an interview on the Business Edition of PM Express on Thursday, the World Bank […]
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 (GARID) Project aimed, among other objectives, at improving flood risk and solid waste management for […]
Former Mastercard boss Ajay Banga has been elected to lead the World Bank as it strives to help low-income countries overcome debt and combat climate change. Mr Banga, nominated by President Joe Biden for the post, is the first-ever Indian American to head the bank. He will replace David Malpass, who had sparked outcry by […]
THE International Monetary Fund (IMF) has revised Ghana’s growth downwards in line with concerns that debt pressures and funding constraints would make it difficult for African economies to expand at full potential this year. The fund cut the country’s growth forecast to 1.6 per cent for 2023 this month, down from 2.8 per cent in […]
The World Bank has appointed Victoria Kwakwa, as the new World Bank Vice President for Eastern and Southern Africa, effective July 1st, 2022. Ms. Kwakwa, an economist and development expert with over 30 years of experience, will lead an active regional programme including a financing portfolio of over 300 projects, totaling more than $50 billion and extensive policy […]
Nearly 1.3 billion people globally suffer from hypertension, a silent killer often driven by obesity that increases the risk of heart disease, stroke and kidney disease, the World Health Organization (WHO) said on Wednesday. Hypertension can be easily diagnosed by monitoring blood pressure, and treated with low-cost drugs, but half of the affected people are […]
In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank have a tendency to lend too quickly and in the process, add to the continent’s debt problems. This statement is inaccurate and not fact based. It impugns the integrity of the African […]
Ghana has become the largest gold producer in Africa, toppling South Africa in a recent data released by the World Bank. The data copied to the Ghana News Agency said Ghana exported 158 tonnes of gold in 2018, about 15% increase over the previous year. Ghana has thus dethroned South Africa, which produced 139.3 tonnes […]
