Collins Sefa
Ghana’s fragile fiscal rebound is under pressure from mounting debts in the energy and cocoa sectors, the World Bank has warned. In its latest Ghana Economic Update, the Bank said the Electricity Company of Ghana
BTA2023
A group of 10 multilateral banks, including the World Bank, European Investment Bank, and Asian Development Bank, has pledged $120 billion annually by 2030 to boost climate finance to low and middle-income countries, including Nigeria.
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The World Bank has committed $9 billion in agribusiness investments, calling for the creation of a comprehensive global ecosystem as food demand is set to increase by up to 60 percent. The call follows the
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The World Bank says Nigeria’s government lost N13.2 trillion because of how it managed foreign exchange between 2021 and 2023. The losses broke down like this: N2 trillion in 2021, N6.2 trillion in 2022, and
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The World Bank has extended $17 billion in financial support to Ghana, Chad, Ethiopia, and Zambia, all of which are part of the G20 Common Framework for Debt Treatments. The funds, distributed via the International
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World Bank President Ajay Banga said on Thursday (17 October) that bilateral creditors need to provide more debt forgiveness to poor debt-distressed countries, and that the development lender was working on ways to ease service costs to
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More than 100 countries—including China, India, Brazil, and South Africa—face serious obstacles that could hinder their efforts to become high-income countries in the next few decades, according to a new World Bank study that provides
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Ghana’s inflation is expected to end 2024 at 23.2%, the World Bank has disclosed in its October 2024 Africa Pulse Report. The year-on-year inflation is however expected to take a nose dive to 11.5% in 2025.
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Excluding Nigeria, Ghana, and countries in the West and Central Africa are projected to expand by 4.8% in 2024 and 5.1% in 2025-2026. According to the October 2024 World Bank Africa Pulse Report, this will
