Pierre Laporte

Long-Term Growth Hinges On Structural Reforms – World Bank
19 Oct

Long-Term Growth Hinges On Structural Reforms – World Bank

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On the occasion of End Poverty Day, World Bank Country Director, Pierre Laporte has underscored the importance of structural reforms in securing the country’s long-term economic growth prospects. Speaking at an End Poverty Day event in Accra dubbed ‘Delivering growth to people through better jobs in Ghana’, Mr. Laporte stressed that addressing the current crisis and restoring macroeconomic stability are vital for the nation’s future. “Bolstering long-term growth prospects will require policies that support investment and human capital development, as well as enhancing resilience and crisis-preparedness, especially in agriculture and food systems. Well-targetted investments could create better jobs, lower income…
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Funding For Social Intervention Programmes Could Be Cut If Reforms Are Not Implemented – World Bank Country Director
02 Jun

Funding For Social Intervention Programmes Could Be Cut If Reforms Are Not Implemented – World Bank Country Director

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The World Bank Country Director Pierre Laporte has indicated that the bank could be forced to cut or review funding for some of government’s social intervention programmes. He stated that the bank can take such measures if proposed reforms are not taken on board as part of the ongoing International Monetary Fund (IMF) programme review of Ghana’s policies. Mr. Laporte explained that funds meant for country specific cannot be returned to the World Bank. “We will look at the option of re-assigning the funds to another project in Ghana. At the country office, we don’t send monies back to Washington DC…
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Ghana’s Fiscal Deficit Will Remain Elevated Throughout 2023, 2025 – World Bank
06 Apr

Ghana’s Fiscal Deficit Will Remain Elevated Throughout 2023, 2025 – World Bank

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Should Ghana secure a deal with the International Monetary Fund and implement it successfully, the gold-rich country would be able to contain some of its fiscal deficits, the World Bank has said in its April 2023 Africa Pulse report. Ghana has reached a staff-level agreement with the IMF for a $3 billion extended credit facility. The cocoa-rich country is yet to secure a board-level agreement. President Nana Addo Dankwa Akufo-Addo had hoped it would have been clinched by March but that did not happen. Ghana is still talking to China and the Paris Club to restructure its $5.7 billion external debt after struggling to…
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One Million Ghanaians Could Fall Into Poverty Due To Climate Change – World Bank
02 Nov

One Million Ghanaians Could Fall Into Poverty Due To Climate Change – World Bank

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At least one million more people could fall into poverty due to climate shocks if urgent climate actions are not taken. According to the World Bank’s new Country Climate and Development Report for Ghana, income could also reduce by up to 40% for poor households by 2050. The analysis calls for pursuing a development pathway that builds resilience to climate change and fosters a transition to low-carbon growth through a combination of policies and public and private investments. “Ghana’s economic and human development is vulnerable to climate change. On average, flooding affects around 45,000 Ghanaians every year, and half of Ghana’s coastline…
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