Tag Archives: #World Bank

The flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia, has ignited a wave of enthusiasm among party loyalists as he embarks on a significant three-day tour of the Ashanti region. This crucial trip marks an essential step in rallying support and reinvigorating the party’s base ahead of the …

The World Bank is threatening to cancel loans earmarked in Ghana over the passing of the controversial anti-LGBTQI+ Bill. The Bretton Woods institution, whose funding this year is seen as critical to sustaining Ghana’s programme with its sister body, the International Monetary Fund (IMF), has raised “concerns over the potential …

The Minister for Sanitation and Water Resources, Freda Prempeh, has dismissed reports that her outfit has received an amount of $125 million from the World Bank to support a five-year initiative to train environmental inspectors to prosecute sanitation offenders. According to the minister, the report is a misrepresentation of what …

A report released by the World Bank has revealed that high inflation rates in 2022 pushed an overwhelming 850,000 Ghanaians into poverty. The report indicated that the severe economic crisis in 2022 characterized by soaring inflation rates had devastating consequences on food security and poverty in the country. It also …

The NEIP to disburse $7 million to Hubs as part of NEIP Hubs Acceleration Grant Programme under the Ghana Evonomic Transformation Project-GETP.   Speaking at signing of the NEIP acceleration hubs grant, the CEO of NEIP, Mr Kofi Ofosu Nkansah reiterated to the fact that, the Ghana Economic Transformation Project …

The president of the World Bank will step down from his post in June, leaving the organisation almost a year before his term was due to end. David Malpass announced his decision on social media, without providing a specific reason for his departure. The pick of former US President Donald …

The  Ministry of Education (MoE) says it has completed the 2021 audit report on the Ghana Accountability for Learning Outcomes Project (GALOP) and submitted same to the World Bank. In a statement issued on October 30, the GES said “there is therefore no outstanding obligation in respect of the 2021 …

The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6% by the end of 2022. According to its October 2022 Africa Pulse Report, debt is expected to jump significantly, from 76.6% a year earlier, amid …

The World Bank has said that 25% of Ghanaians who are into wage employment are better off than 69% who are into self-employment. The Bretton Wood institution therefore wants the government to pay attention to that. Speaking at the 6th Ghana Economic Update, Social Protection Specialist at the World Bank, …

The World Bank has appointed Victoria Kwakwa, as the new World Bank Vice President for Eastern and Southern Africa, effective July 1st, 2022.   Mrs 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 …