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Corruption: World Bank sanctions seven Nigerian firms, individuals

The World Bank has disclosed that it sanctioned seven Nigerian firms and individuals for corruption during its 2022 fiscal year. This disclosure was made in...

Ofori-Atta attends 2022 IMF, World Bank Annual meetings in Washington

The 2022 IMF and World Bank Annual Meetings are being attended by Ghana's Finance Minister, Mr. Ken Ofori-Atta, who is also advancing talks with...

Cedi hits ¢11.30 to a dollar as free fall of local currency continues

The Ghana cedi's problems persisted, with the retail exchange rate standing at 11.30 to the dollar. This comes after it crossed the 11 threshold on...

World Bank and IMF warn of possible global recession

The International Monetary Fund (IMF) and the World Bank have warned of a possible global recession at the start of the annual meeting of...

Possible global recession looms – World Bank and IMF warn

At the beginning of their annual meetings on Monday in Washington, the International Monetary Fund (IMF) and the World Bank issued a warning about...

Food prices increase by 122%, Ghana ranks 1st in Sub-Saharan Africa – World Bank

Ghana has been the nation in Sub-Saharan Africa with the highest food prices since January 2022, according to a World Bank analysis. According to myjoyonline.com,...

What Gabby said about the cedi’s depreciation in 2015

One of the main factors contributing to today's worsening economic conditions in Ghana is the depreciation of the Ghanaian cedi. On October 10, 2022, several...

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...

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...

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...

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