World Bank Lowers Ghana’s Growth Rate To Below 2% In 2023
The World Bank has lowered Ghana’s growth rate to under 2.0% in 2023, placing it at the 29th position in Sub-Saharan Africa, its April 2023 Africa Pulse Report has revealed. This….
Tag: world bank
World Bank’s Reform Plan To Boost Lending By US$5 Billion Annually
The World Bank on Thursday submitted a long-awaited reform plan that would boost annual lending to middle-income countries to fight climate change and other global crises by about US$5 billion….
Ghana To Take Delivery Of Passport Printing Machines From World Bank
The Ministry of Foreign Affairs and Regional Integration is about to receive two giant industrial printing machines in three weeks from the World Bank under the Public Sector Reform for….
Cedi To Witness More Pressure If Current Account Deficit Is Not Checked – World Bank
The World Bank has warned that the Ghana cedi may continue to come under pressure in 2023 against the U.S dollar if efforts are not directed at controlling the country’s….
World Bank Forecasts 2.7% Growth Rate For Ghana In 2023
The World Bank is projecting a 2.7% expansion of the Ghanaian economy in 2023, lower than Sub-Saharan Africa average of 3.6%, its January 2023 Global Economic Prospects report has revealed…..
Global Economy To Slow Down In 2023 To 1.7% – World Bank
The global economy is projected to grow by 1.7% in 2023 and 2.7% in 2024, according to the World Bank’s January 2023 Global Economic Prospects report. The report said the….
Ghana To Request Debt Relief Via G20 Common Framework
Ghana is set to request a debt relief via the G20 Common Framework programme, despite only poor nations eligible for it. According to Reuters, the country has sought reassurances that….
The World Bank Has Committed To Boosting The Electricity Capacity Of West Africa With A $311 Million Fund
West Africa, which has one of the poorest electrification systems in the world, would be receiving a $311 million grant from the World Bank to help solve this problem The….
World Bank Supports Ghana With $13m Grant To Develop Plastic Recycling Economy
Ghana’s quest to ensure a sustainable environment which hinges on recycling and reuse of plastic materials has been handed a major boost by the World Bank. This follows a $13….
World Bank Casts Doubts Over Ghana’s Ability To Reach Upper-Middle Income Status By 2037
The World Bank is casting doubts over Ghana’s ability to reach upper-middle income status by 2037-2040 and graduate to high-income status by 2057. According to the Bretton Wood institution, the….