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Excessive tax exemptions unhealthy for Ghana’s economy – World Bank to gov’t

The World Bank has raised concerns that Ghana’s tax system is underperforming due to excessive tax exemptions and reliefs that significantly reduce the corporate...

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About 5.5m Ghanaians risk being homeless due to degradation in coastal areas – World Bank

An estimated 5.5 million coastal residents in Ghana are grappling with significant challenges due to severe erosion and flooding, affecting 80% of the country’s...

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World Bank gives Ghana $155 million to restore degraded coastal areas

Ghana has secured $155 million to aid in the restoration of its damaged coastal regions. This funding includes $150 million in financial aid and...

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How Minority in Parliament obstructed approval of a $250m World Bank loan

The Minority in Parliament thwarted the approval of a $250 million loan from the World Bank by casting 'no' votes. The loan, intended for the...

Business

Liabilities in cocoa and energy sectors could affect Ghana’s “modest recovery” – World Bank

The World Bank's latest Ghana Economic Update indicates that while the country has made "steady progress" towards economic stabilization, significant liabilities in the cocoa...

Business

World Bank lauds BoG’s independence and effective policy reforms in new CPIA report

The World Bank has praised the Bank of Ghana for its independence, which has been crucial in the success of various policy reforms aimed...

Business

World Bank supports COCOBOD’s cocoa rehabilitation with $100m

The Ghana Cocoa Board (COCOBOD) has successfully obtained a US$100 million financing facility from the World Bank, aimed at rehabilitating aged cocoa farms across...

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Ghana’s Audit Service performance drops from ‘C’ to ‘D’ – World Bank

The World Bank has downgraded Ghana’s Audit Service performance rating from a “C” to a “D”, citing deficiencies in its independence according to global...

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Ghana sees decline in ranking on World Bank’s Supreme Audit Institutions Independence Index

Ghana has experienced a decline in its ranking on the World Bank's Supreme Audit Institutions Independence (SAIs) Index for the year 2023, scoring a...

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Ghana sees demotion as it moves from grade ‘C’ to ‘D’ in World Bank’s latest assessment

Ghana has dropped further from the grade “C” it scored in 2021 on the independence of its Supreme Audit Institution (SAI) i.e., the Auditor...

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Jury acquits Diddy of sex trafficking, convicts him of transporting women for prostitution

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

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