Ghana hasn’t been downgraded to low income status – Finance Ministry

April 15, 2021 The Ministry of Finance has clarified that the classification of Ghana as a low-income developing country in the International Monetary Fund’s (IMF) April 2021 Fiscal Monitoring document...

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April 15, 2021 / Comments (0)

World Bank: Africa needs $12 billion for vaccines to halt COVID-19 spread

April 6, 2021 According to an estimate based on a report by the World Bank and the International Monetary Fund, Africa will need about 12 billion US dollars to both procure and distribute sufficient...

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April 6, 2021 / Comments (0)

World Bank approves $100m facility for Ghana to strengthen social safety net programs

March 31, 2021 The World Bank has approved a $100 million facility to strengthen and expand the Ghana Productive Safety Net Project 2 (GPSNP 2). The project is expected to benefit over 1.6 million...

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March 31, 2021 / Comments (0)

We did not provide guarantees to IPPs – World Bank

March 2, 2021 The World Bank says it has not provided any financing or guarantees to the Independent Power Producers (IPPs) that signed Power Purchase Agreements with Ghana or the Electricity Company of...

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March 2, 2021 / Comments (0)

Govt to use COVID-19 cash to set up Dev’t Bank

January 25, 2021 As the coronavirus pandemic continues to wreak havoc on the economy and put much pressure on the health system, with many calling for increased spending on health-related expenditure to...

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January 25, 2021 / Comments (0)

Global Economy to expand by 4% in 2021–World Bank

January 12, 2021 The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. A recovery, however, will likely be subdued, unless...

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January 12, 2021 / Comments (0)

AfDB seeks more support for Ghana’s National Development Bank

December 1, 2020 With a little over a month for the National Development Bank of Ghana to commence operations, the outgoing Acting Country Manager of the African Development Bank, Sebastian Okeke, says his...

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December 1, 2020 / Comments (0)

Partners commit US$500m to Dev’t Bank

November 24, 2020 The Development Bank of Ghana (DBG) which was recently registered has already received commitments of over US$500 million from investors and development partners, Minister of Finance, Mr...

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November 24, 2020 / Comments (0)

World Bank approves US$250 million for establishment of Development Bank Ghana

November 2, 2020 The World Bank Board of Executive Directors on Thursday, October 29, 2020, approved US$250 million from the International Development Association (IDA) to support the establishment of the...

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November 2, 2020 / Comments (0)

Ken Ofori-Atta completes tenure as Chair of World Bank’s Development Committee

October 21, 2020 Ghana’s Finance Minister, Ken Ofori-Atta, has successfully completed his two-year tenure as the Chairman of the Development Committee of the World Bank and IMF, after chairing his 4th DC...

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October 21, 2020 / Comments (0)