Tag Archives: World Bank

The first tranche of the $300 million World Bank funds has hit the accounts of the Bank of Ghana, sources close to the arrangement have told the Daily Graphic. This is expected to further boost the country’s foreign international reserves and help cushion the Cedi which has depreciated by 6.8 …

President Nana Akufo-Addo has made a plea to the World Bank and the International Monetary Fund (IMF) to help impoverished and vulnerable nations obtain lower-cost loans in order to support their climate action programs. He made this call at the COP28 climate summit in Dubai, where world leaders are gathering …

The World Bank Managing Director of Operations, Anna Bjerde, has recommended that the government of Ghana implement an emergency action plan to tackle the country’s energy crisis. Bjerde emphasized that the World Bank is committed to providing technical advice to ensure that Ghana’s energy sector contributes to economic resilience. Speaking …

The World Bank has indicated that the Akufo-Addo government was forced to pay the former president John Mahama’s power purchasing agreements, which greatly worsened the nation’s economic problems. The administration of the former President entered into take-or-pay contracts, obligating Ghana to fork over billions of cedis for extra energy that it …

The free Senior High School (SHS) programme is under review. The exercise is being led by the World Bank as part of efforts to properly assess the effectiveness and cost implications of all social intervention programmes currently under implementation. Other programmes under review include the School Feeding Programme, the Planting for Food …

The US dollar is on a tear, strengthening around 11% since the start of the year and – for the first time in two decades – reaching parity with the Euro. Indeed, an overwhelming number of major currencies have depreciated against the dollar, with big implications for the developing world. Given the slew …

Pierre Frank Laporte, the World Bank’s Country Director for Ghana, says that the country has been given US$430 million to fight the new Coronavirus. According to him, the money was first used for the campaigns that tried to tell and teach Ghanaians about COVID-19’s safety rules. Laporte said on Joy …

Lynx Entertainment act MzVee has revealed that she come from a poor family. The ‘Abofra’ singer who released her second album Verified last week said this while talking about how to end extreme poverty in Ghana as an ambassador for the World Bank’s End Extreme Poverty campaign. The event organized …