African Development Bank rebuts World Bank President’s comments on Africa’s debt profile

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 […]

Govt’s see, eat, wear and feel Ghana project records 600 thousand visitations, tourism sector sees 20% growth

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 […]

GCAP commences rehabilitation of Tono irrigation scheme

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 […]

Info Ministry, World Bank take steps to improve development communication in Ghana

 The Ministry of Information and the World Bank have commenced engagements aimed at improving development communication in Ghana. The objective is to deepen the delivery of government information on development projects and public services using information and communication technology. Speaking at a maiden meeting, Information Minister Kojo Oppong Nkrumah asked the Bank to explore the […]

Passport office, DVLA, EPA and GIS to be reformed as gov’t secures USD $35 million World Bank cash

The World Bank has approved a 35 million-dollar International Development Association (IDA) credit for Ghana’s Public Sector Reforms. The World Bank assistance is meant to improve efficiency and accountability in the delivery of public services for 16 selected Ministries, Departments and Agencies (MDA’s) Chief Executive of Public Sector Reforms, Thomas Kusi Boafo, revealed this at […]

Africa’s rising debt: Japan unable to assist continent anymore

The rising debt of African governments, including Ghana, is preventing the Japanese government to give financial assistance to the African private sector, the Director of African Affairs Development at the Ministry of Foreign Affairs of Japan, Mr Shigeru Ushio has said.  According to him, although the Japanese government had the intention to support African private […]

 World Bank approves 30 million dollar IDA credit to help strengthen financial sector stability

The World Bank has approved a 30 million dollar International Development Association (IDA) credit to support the Government of Ghana strengthen its financial sector stability. The support is also to improve inclusiveness for users of formal financial services and the financially excluded, particularly women, rural communities and farmers. Commenting on the gesture, the World Bank […]