Tag: AfDB
Independent Africa
Africa sets up facility to provide cheaper credit for governments
Amid worsening debt and financial instability, African nations have agreed to create a fund aimed at offering low-cost financing to governments facing economic hardship.Named...
Business
AfDB enhances capital flexibility to boost 10-year strategy
A $1 billion exposure exchange agreement has been signed between the African Development Bank (AfDB) and the Asian Development Bank, designed to strengthen AfDB’s...
Business
Ghana set to receive $45m AfDB grant in 2025
Ghana is poised to receive a $45 million grant from the African Development Bank (AfDB) next year to support a project focused on the...
World
Tensions escalate as police, demonstrators clash in Germany ahead of AfD conference
Police used pepper spray and batons on Saturday to halt a large group of protesters attempting to breach a cordon in Essen, western Germany,...
News
Ghana’s youth unemployment hit 7.16% in 2023 – AfDB
The African Development Bank (AfDB) has reported that Ghana's youth unemployment rate reached 7.16% in 2023, with the issue being particularly severe among those...
Business
Youth unemployment rate from age 15 to 24 stood at 7.16% in 2023 – AfDB
The African Development Bank (AfDB) indicates that Ghana's youth unemployment rate was 7.16% in 2023, with the issue being particularly severe among individuals aged.The...
Business
AfDB forecasts Ghana’s inflation at 20.9% for 2024, with reduction to 11.1% in 2025
Ghana’s inflation rate is projected to reach 20.9% by the end of 2024, according to the African Development Bank's updated 2024 African Economic Outlook.This...
Business
AfDB adjusts Ghana’s growth forecast to 3.4% for 2024, 4.3% for 2025
The African Development Bank has adjusted Ghana's growth rate projections to 3.4% for 2024 and 4.3% for 2025.This is an increase from the 2.8%...
Business
Ghana secures $103m grant from AfDB
Ghana and the African Development Bank (AfDB) have signed the Indicative Operations Programmes, outlining the projects to be implemented between 2024 and 2025.These...
News
Let’s invest a minimum of 30% of our reserves in multilateral institutions – Akufo-Addo to African leaders
President Akufo-Addo has suggested allocating 30 percent of Africa's sovereign reserves, currently held in foreign banks, to be invested in the continent's financial institutions....
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