Ghana to return to 5.0% GDP growth from 2026 –World Bank

April 10, 2024 The World Bank is expecting Ghana’s growth rate to reach 5.0% by 2026. This is coming after it projected a marginal 2.9% Gross Domestic Product (GDP) growth for 2024, higher than the...

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April 10, 2024 / Comments (0)

28 developing countries including Ghana remain stuck in debt trap – World Bank

February 21, 2024 The World Bank has disclosed that 28 developing economies including Ghana with – the weakest credit ratings – remain stuck in a debt trap with no hope of escape anytime soon....

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February 21, 2024 / Comments (0)

Global food inflation to remain high in 2024 – World Bank

February 14, 2024 The World Bank has stated in its latest Food Security Update report that food prices will remain high in 2024, adding, inflation in low, middle, and high-income countries were high in 2023....

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February 14, 2024 / Comments (0)

IMF board schedule to approve Ghana’s $600 million second tranche on Friday

January 17, 2024 Following an agreement to restructure US$5.4 billion with its official creditors, Ghana is scheduled to receive the US$600 million second tranche of the US$3 billion rescue loan, according...

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January 17, 2024 / Comments (0)

Ghana’s bilateral creditors close to issuing MoU to aid IMF Board meeting on Ghana – World Bank Country Director

December 19, 2023 The World Bank Country Director, Pierre Frank Laporte, has revealed that the country’s bilateral creditors are close to “Issuing an Assurance” that will aid the IMF Board meeting on...

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December 19, 2023 / Comments (0)

Global growth to slow to 2.1% in 2023; prospects clouded by financial risks – World Bank

June 7, 2023 Global growth has slowed sharply and the risk of financial stress in Emerging Market and Developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the...

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June 7, 2023 / Comments (0)

Ghana’s public debt to GDP decreased by 1% despite debt restructuring – Fitch

April 26, 2023 Despite a significant redemption reprofiling and a substantial reduction in interest rates, Ghana’s public debt-to-Gross Domestic Product (GDP) has only decreased by one percentage point...

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April 26, 2023 / Comments (0)

World Bank commits $250m to Ghana Stability Fund

April 17, 2023 Finance Minister Ken Ofori-Atta has disclosed that the World Bank has agreed to commit $250 million to support the Ghana Stability Fund. This is part of the donor funding expected to come...

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April 17, 2023 / Comments (0)

Inflation in Ghana, 2 others to stay above 50% in 2023; will accelerate by over 3% – World Bank

April 5, 2023 Inflation in Ghana, Uganda, and Burundi is expected to accelerate by more than 3 percentage points in 2023 from last year. This means inflation will stay above 50% this year. Inflation...

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April 5, 2023 / Comments (0)

World Bank forecasts 2.7% growth rate for Ghana in 2023 

January 11, 2023 The World Bank is projecting a 2.7% expansion of the Ghanaian economy in 2023, lower than Sub-Saharan Africa average of 3.6%, its January 2023 Global Economic Prospects report has revealed....

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January 11, 2023 / Comments (0)