World Bank

the World Bank remains cautiously optimistic about Ghana’s prospects, projecting a rebound to 4.6% growth in 2026 and 4.8% in 2027 rating Ghana among a few African economies showing early …

The latest Public Finance Review of Ghana’s economy report launched by the Bank highlights the urgent need for Ghana to reset its fiscal strategy by boosting domestic revenue, rationalizing tax …

Ghana’s economic challenges have been attributed by the World Bank to unguided fiscal systems which led to overburdened debt accumulation and unmatching revenues.

In the face of these challenges, participants agreed to secure agro-pastoral land, improve land governance, and develop sustainable value chains to strengthen the resilience of pastoral and agro-pastoral systems.

    Adnan Adams Mohammed   After losing approximately 24 percent of its value against the US dollar, the Ghana Cedi is currently the fourth weakest or worst performing currency …

World Bank has credited US$1.7 billion to Ghana although it has committed a total of US$3.9 billion while the IMF has also credited US$2.3 billion to the country.

“Hon members, the Minister of Finance is expected to present the Mid-Year Review of the Budget Statement on Economic Policy of the government for the 2024 financial year on Tuesday, …

“This contributed to pursuing tight monetary policy, raising reserve ratios, and implementing a fiscal reform program that helped to reduce year- on-year inflation from 54 percent in December 2022 to …

“Guarantees could also be used to attract private sector investors to provide “take-out” financing to replace standard World Bank or IFC loans, freeing up overall lending capacity.”

Ghana’s remittances receipts fell slightly last year, they were still the second highest in Africa, according to the World Bank’s 2024 Migration Development Report.