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Roads Minister engages AfDB Country Manager on securing funding for key road projects

Minister for Roads and Highways, Governs Kwame Agbodza, has held discussions with the African Development Bank (AfDB) Country Manager, Eyerusalem Fasika, as part of...
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...
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