Ajay Banga Selected 14th President Of World Bank
The Executive Directors of the World Bank have selected Ajay Banga as President of the World Bank for a five-year term, beginning June 2, 2023. Ajay Banga most recently served….
Tag: world bank
Better Migration Policies Can Help Boost Prosperity In All Countries – World Bank
Populations across the globe are aging at an unprecedented pace, making many countries increasingly reliant on migration to realise their long-term growth potential, according to a new report from the….
2030 Eurobond Default: World Bank Provides Ghana With $372m Guarantee Payment
After Ghana defaulted on making coupon payment for the 2030 Eurobond, the World Bank has earmarked an amount of $372 million guarantee payment for the country. This comes after Government….
World Bank Will Withdraw Support If We Politicize Fight Against Galamsey – GLRSSMP
The Ghana Landscape Restoration and Small-Scale Mining Project (GLRSSMP) has said claims that the fight against illegal mining also known as galamsey is being politicized is untrue. This follows former….
World Bank Reaffirms Goal Of Ending Extreme Poverty And Promoting Shared Prosperity
World Bank President David Malpass has said that the Bank has reaffirmed its goals of ending extreme poverty and promoting shared prosperity. He said there was also wide recognition that….
These 9 MPs Are In Washington For IMF, World Bank Meetings
Parliament is represented by a nine-member in Washington DC as part of Ghana’s delegation attending the 2023 IMF/ World Bank Spring Meetings. The delegation is led by MP for Obuasi West….
China, World Bank Exploring Solutions To Debt-Distress Deadlock
China and the World Bank are exploring compromises over how to restructure billions of dollars of debt held by poor nations, seeking a long-sought breakthrough that could unlock desperately needed….
Ghana’s Fiscal Deficit Will Remain Elevated Throughout 2023, 2025 – World Bank
Should Ghana secure a deal with the International Monetary Fund and implement it successfully, the gold-rich country would be able to contain some of its fiscal deficits, the World Bank has said….
It’s Premature To Lower Interest Rates – World Bank
AFRICAN central banks should continue to raise interest rates to help absorb price pressures and protect the incomes of their citizens from further deterioration, the World Bank has said. Monetary….
Africa’s Growth Remains Low; Region Looks To Tap Resource Wealth – World Bank
Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth,….