Tag: World Bank
Business
Tema Port: Horticulture logistics tussle derailing exports, inbound foreign exchange
The country is at risk of remaining uncompetitive in the multi-billion dollar global horticulture market, losing desperately needed foreign exchange (FX), and undermining efforts...
World
No South Sudan road funds for lack of rules – World Bank
The World Bank says South Sudan cannot receive infrastructure funding from international investors due to lack of financial policies and transport sector regulations.
The bank...
Business
Ghana Cedi is worst performing currency against US dollar – World Bank report
Recent months have seen a sharp devaluation of the Ghana cedi against major trading currencies, particularly the US dollar.A World Bank report designating the...
Business
Gov’t wobbles on debt restructuring decision with IMF – Lord Mensah
Professor Lord Mensah, a senior lecturer at the University of Ghana Business School, has recommended the government to take decisive action with regard to...
Headline
Ghana now classified as high debt distressed country – World Bank report
The World Bank has categorized Ghana as a high debt, distressed country.Ghana's growing debt-to-Gross Domestic Product (D2P) ratio is now anticipated to reach 104...
Business
Financing Africa’s energy transition should happen locally – Experts
Africa's main stakeholders must create and implement an energy plan that takes into account the unique characteristics of the continent while working to finance...
News
T Bills, short-term securities will not be affected by Ghana’s debt restructuring – US-based Associate Professor
Treasury bills and short-term securities will not be affected by the expected debt restructuring programme that the Government of Ghana will undertake after the...
News
Quadruple Whammy: World Bank vindicates Dr. Bawumia over impact of Mahama’s energy sector contracts
The World Bank Country Director (Ghana), Pierre Frank Laporte has affirmed an assertion by the Vice President, Dr. Mahamudu Bawumia, that unreasonable energy sector agreement by the Mahama...
National
Ghana used our $430m COVID-19 money well – World Bank
The World Bank has confirmed that the administration of President Akufo-Addo made effective use of the funding it received from the Bank to assist...
Business
Ghana’s $430 million COVID combat budget is deemed sufficient by the World Bank
The $430 million COVID-19 support from the Bretton Woods institution was used by the government in a manner that has been acknowledged as satisfactory...