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Ghana’s economy expected to recover its potential by 2025 – World Bank

July 20, 2023 The World Bank says its expects Ghana’s economy to start recovery from 2025. A combination of domestic imbalances and external shocks in 2022, led to macroeconomic challenges in Ghana....

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July 20, 2023 / Comments (0)

Africans have not fully tapped into regional trade – World Bank

July 19, 2023 The Managing Director of Operations at World Bank, Anna Bjerde has emphasized the need for Africans to optimize intra- African trade to address the continent’s economic challenges....

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July 19, 2023 / Comments (0)

World Bank maintains 1.6% growth rate for Ghana in 2023

June 7, 2023 The World Bank has maintained its 1.6% Gross Domestic Product (GDP) growth forecast for Ghana in 2023, far lower than the expected 3.2% for Sub-Saharan Africa. This places it in the 42nd...

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June 7, 2023 / Comments (0)

Ajay Banga selected 14th President of World Bank

May 4, 2023 The Executive Directors of the World Bank have selected Ajay Banga as President of the World Bank for a five-year term, beginning June 2, 2023. Ajay Banga most recently served as Vice...

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May 4, 2023 / Comments (0)

World Bank lowers Ghana’s growth rate to below 2% in 2023

April 5, 2023 The World Bank has lowered Ghana’s growth rate to under 2.0% in 2023, placing it at the 29th position in Sub-Saharan Africa, its April 2023 Africa Pulse Report has revealed. This is...

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April 5, 2023 / Comments (0)

World Bank urges Ghana to implement policies that attract private investment

April 21, 2022 The World Bank Group has called on government to prioritize policies that attract investments from citizens and foreigners. According to the Bretton Woods institution such an approach is...

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April 21, 2022 / Comments (0)

World Bank Group launches US$4.5 billion new country partnership framework for Ghana

February 24, 2022 The Board of Executive Directors of the World Bank Group (WBG) has approved a five-year US$4.5 billion Country Partnership Framework (CPF) for Ghana from 2022 to 2026. The Framework will...

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February 24, 2022 / Comments (0)

Ghana signs $200M loan agreement with World Bank to aid vaccination programme

July 14, 2021 The Government of Ghana has signed an additional $200 million loan agreement with the World Bank to help the vaccination process. This is the second tranche of funds that government is...

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July 14, 2021 / Comments (0)

World Bank financing for COVID-19 vaccine rollout exceeds $4 billion

July 1, 2021 The World Bank announced today, June 30, 2021, that it is providing over $4 billion for the purchase and deployment of COVID-19 vaccines for 51 developing countries, half of which are in...

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July 1, 2021 / Comments (0)

Development Bank opens July with initial $500 million capital

May 21, 2021 The government will launch the Development Bank Ghana (DBG) in July with a seed capital of about $500 million. The bank is seen as Ghana’s best bet to addressing the issue of the lack...

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May 21, 2021 / Comments (0)