Ghana Inks US$260m World Bank Deal To Tackle Energy Sector Inefficiencies
Ghana has signed a US$260 million deal with the World Bank to help solve the US$1.2 billion energy sector losses and other inefficiencies in the sector. The deal, under the….
Tag: world bank
World Bank: Majority Of Ghanaian Banks Strong Enough To Avoid Recapitalisation
In its 8th Ghana Economic Update, the World Bank reported that over half of Ghana’s 23 banks are well-positioned to avoid the need for recapitalization. Within just a year, most….
World Bank Lauds Bank Of Ghana’s Inflation-Fighting Success
The Bank of Ghana’s robust independence has garnered commendation from the World Bank. The World Bank highlighted the Central Bank’s critical role in successfully implementing policy reforms to curb inflation….
World Bank Approves US$260 Million For Ghana’s Energy Sector
The World Bank has approved a $250 million credit from the International Development Association (IDA) and an additional $10 million grant from the Energy Sector Management Assistance Programme. The development….
Ghana To Return To 5.0% GDP Growth – WB
The World Bank (WB) is expecting an upward progression of Ghana’s Gross Domestic Product (GDP) to hit 5.0% by 2026. This follows a projected 2.9% marginal GDP growth for 2024,….
We Have A Longstanding Relationship With Ghana Despite Passage Of The Anti-Gay Bill – World Bank
The World Bank Group has asserted its longstanding relationship with Ghana despite the passage of the Human Sexual Rights and Ghanaian Family Values Bill by Parliament. This comes to douse….
World Bank Threatens To Cancel Loans To Ghana Over Anti-LGBTQI+ Bill
The World Bank has issued a warning to Ghana, threatening to cancel loans worth at least $850 million due to concerns over the recently passed Anti-LGBTQI+ Bill, formally known as….
IMF, World Bank Work To Accelerate Debt Treatment For Ghana, Others Under G20
The International Monetary Fund (IMF) and World Bank are working together to accelerate debt restructuring for Ghana and other countries under the Group of 20 (G20) Common Framework. Kristalina Georgieva,….
World Bank Africa Pulse Report: Ghana’s Inflation 4th Highest In Sub-Saharan Africa
Ghana’s inflation of 40.1% is the 4th highest in Sub-Saharan Africa in 2023, the World Bank October 2023 Africa Pulse Report has revealed. Zimbabwe is 1st with more than 80% inflation and….
World Bank Approves $125 Million For Capacity Building Of Environmental Officers
An amount of $125 million has been approved by the World Bank for Ghana to undertake capacity building of environmental officers. This, according to a report by graphic.com.gh, is to….