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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)

Ghana should have signed up for Debt Service Suspension Initiative – World Bank President

October 22, 2022 The World Bank Group President, David Malpass, has expressed disappointment over Ghana and Nigeria’s decision not to sign up for the Debt Service Suspension Initiative (DSSI). Established...

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October 22, 2022 / Comments (0)

IMF, government committed to expedited deal – IMF chief

October 22, 2022 The International Monetary Fund (IMF) says its staff and the government are committed to sealing a deal as soon as feasible to help restore economic stability and lay the foundation for...

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October 22, 2022 / Comments (0)

Prospects for remittances to emerging markets amid rising inflation

June 24, 2022 Remittances to low- and middle-income countries are projected to rise by 4.2% in 2022 Inflows are expected to provide crucial support amid rising energy and food costs The pandemic...

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June 24, 2022 / Comments (0)

World Bank grant: $1.2m goes to deprived schools – Education Minister

June 2, 2022 The Minister of Education, Dr Yaw Osei Adutwum, has said the $1.2 million World Bank grant for digital literacy will be channelled into resourcing deprived basic schools identified across...

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June 2, 2022 / Comments (0)

World Bank provides $200m to accelerate Ghana’s digital transformation agenda

May 4, 2022 The World Bank has approved $200 million to help the Government of Ghana increase access to broadband, enhance the efficiency and quality of selected digital public services, and strengthen...

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May 4, 2022 / Comments (0)