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 […]
The Board of the World Bank Group has approved a total amount of $143 million International Development Association (IDA) credits and grants to help Burkina Faso, Djibouti, Ghana, Guinea and Senegal to step up the quality and provision of applied research and higher education with a focus on the areas of science, technology, engineering and […]
President Nana Addo Danquah Akufo-Addo has announced that the World Bank has approved a $40 million grant to support the Ministry of Tourism and Creative Arts and its agencies to help upgrade tourist facilities. The President said the Ghana Tourism Authority recorded a 20 per cent growth, recording over 600,000 visitations to various tourist sites […]
World Bank Group President Jim Yong Kim has announced that he will be stepping down from his position after more than six years, in which the institution’s shareholders provided strong support for multiple initiatives to ensure that the Bank Group retains strong leadership in the world of global development. “It has been a great […]
The Ghana Commercial Agriculture Project (GCAP) has begun rehabilitation and modernisation of the Tono irrigation scheme in the Upper East Region, to boost agricultural production and increase food security in the country. The project is expected to increase the irrigable area from 1,300 hectares to 2,490 hectares of water for year-round agricultural production. Around 2,300 farmers […]
