Tag Archives: WORLD BANK

      By Matteo Civillini, Climate Home News   World Bank president David Malpass will step down from his post in June, nearly a year before his term is due to expire.   Malpass received strong criticism over the bank’s commitment to climate action and over his personal views on …

Ad The World Bank has urged Ghana to accelerate economic transformation by creating more decent jobs for its growing youthful population to address the fast-paced unemployment challenge in the country. The Bank noted that although the country had over the last two decades, become a rising star in Africa, nearly …

The World Bank has revised Ghana’s growth to 4.9 percent for 2021, from the earlier forecast of 1.4 percent of Gross Domestic Product, its latest October 2021 Africa Pulse report has indicated. It is also forecasting a 5.5 percent expansion in the economy in 2022, reflecting strong growth in exports. …

•The World Bank has cautioned Ghana to act decisively against excessive borrowing •The institution called on government to implement stringent revenue generation measures to reduce the public debt burden •Ghana’s total public debt rose to GH¢304.6 billion as of March 2021 The World Bank has admonished Ghana to put a …

The World Bank is preparing emergency vaccine financing projects in 21 countries in Africa, including Ghana, Democratic Republic of Congo, Ethiopia, Niger, Mozambique, Tunisia, Eswatini and Cabo Verde. This follows authorization of up to $12 billion to support countries in their vaccination efforts, which has paved way for individual vaccination …

The World Bank Board of Directors have approved a $60 million International Development Association (IDA) grant to help Ghana and some other African countries strengthen the resilience of their agricultural sectors to the threat posed by climate change. The grant fulfils the World Bank’s commitment at the 2019 United Nations …

The World Bank is supporting the extension of the Debt Service Suspension Initiative (DSSI) for Ghana and other countries by six months. By 2021 WBG and International Monetary Fund Spring Meetings, the World Bank will also determine if the economic and financial situation of developing and emerging economies requires to …

Sources at the Ministry of Energy have raised serious concerns regarding the World Bank’s ‘attempts’ to delay the approval of a $500 million loan in order to force the government of Ghana into buying $5 billion worth of expensive gas from the Sankofa gas field. That, according to DGN Online’s …

The Director of Settle Ghana, a non-governmental organization based in the Savannah Region, Mr. Abu Karimu is advising governments across the West Africa sub-region to see indigenous people as key partners in development. According to Mr Karim, just like governments in developing countries go to the International Monetary Fund (IMF) …