World Bank Archives - Page 3 of 3

02 Jun

World Bank: Ghana Likely To Receive First Tranche Of $300 Million By September If … – Frank Laporte

Wontumi1BusinessFrank Laporte, World Bank

World Bank Country Director to Ghana, Pierre Frank Laporte, says Ghana is likely to receive the first tranche of $300million from the World Bank if the two are able to finally reach an agreement on the conditionality. According to him, the government needs to present a strong reform package before the World Bank will release the $300 million facility which is expected to serve as budget support. The $300 million is the first tranche of a $1.1 billion facility the World Bank has extended to Ghana over a four-year to support the country’s budget while it’s under the IMF programme.…

19 May

Ghana Far Advanced In Negotiation With World Bank For $900m Budget Support – Dr. Amin Adam

Wontumi1BusinessDr Mohammed Amin Adam, World Bank

The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, says Ghana is far advanced with negotiation with the World Bank for $900 million budget support facility. According to him, the budget support facility will be disbursed over the next three years alongside the International Monetary Fund’s $3 billion facility. Speaking on JoyNews’ PM Express Business Edition, he said, “Once we applied for the IMF supported programme, we also started engaging with the World Bank for budget support and I’m happy to report that we’re far advanced. “We’re almost concluding the negotiation with the World Bank for a…

09 Jun

PRESIDENT AKUFO-ADDO LAUNCHES GHANA ENTERPRISES AGENCY, GH¢145 MILLION SME GRANT FUND

Kakra NunuBusinessGhana Enterprises Agency, World Bank

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has launched the Ghana Enterprises Agency (formerly NBSSI), the National Micro, Small and Medium-Scale Enterprises (MSMEs) and Entrepreneurship Policy, and the GEA Grant Support for SMEs, under the Ghana Economic Transformation Project, which is backed by the World Bank. Performing the launch on Wednesday, 9th June 2021, at the Kempinski Hotel, in Accra, President Akufo-Addo described the event as “a happy day for our nation’s micro, small and medium-scale enterprises (MSMEs)”. The President indicated that the National Micro, Small and Medium Enterprises and Entrepreneurship Policy is the first of its kind…

10 May

Regional Food Security Key To ECOWAS Peace, Development – VP Bawumia

Kakra NunuBusiness, NewsBADEA, COVID-19, ECOWAS, Mahamudu Bawumia, USAID, World Bank

The Vice President, Dr Mahamudu Bawumia, has emphasized the importance of a regional food storage system for the ECOWAS sub region in order to ensure food security, peace and accelerated development for the millions of people in West Africa and beyond. Speaking at the virtual International Conference on the West African Food Security Storage System in Accra on Monday May 10, Vice President Bawumia said although individual countries are making efforts towards ensuring local food security, a concerted, collective effort is important to ensure security for all. “At a time when the global community, and indeed Africa, is reeling from…

28 Apr

Video: Stop Your Baseless Talks- Vincent Ekow Assafuah Educates Sam Jonah

Kakra NunuFeatured, NewsGhana, IMF, Sam Jonah, Vincent Ekow Assafuah, World Bank

The Member of Parliament (MP) for Old Tafo, Vincent Ekow Assafuah has lashed out at former Chief Executive Officer of Ashanti Goldfields Corporation stating that it doesn't lie in his mouth to declare that Ghana is facing debt crisis. Speaking in an interview on Wontumi TV which was monitored by Wontumionline.com, Hon. Ekow Assafuah stated there were competent institutions like the World Bank and IMF which makes such declaration if their findings point to it. The MP for Old Tafo was responding directly to a recent public lecture by Mr. Jonah that the current New Patriotic Party government continues to…

26 Apr

Video: Were Your Brains Tied When You Signed IMF Loans? Mahama Challenged

Kakra NunuFeatured, NewsAbronye, Benin, IMF, John Mahama, juju, World Bank

The Bono Regional Chairman for the New Patriotic Party has challenged former President John Mahama to reveal what influenced his decision to borrow unnecessary from the IMF and World Bank when he personally knew the negative impact it would have on Ghanaians. Kwame Baffoe also known as Abronye wondered whether Mr. Mahama as President, made the NPP his personal consultants before arriving at his decision to take the loans. "When you (Mahama) was signing the loans at IMF and World Bank, did you have the NPP standing by your left or right?" he asked. The 2020 defeated flagbearer of the…

21 Oct

World Bank to support government with $200 million to empower micro enterprises

Wontumi2BusinessWorld Bank

The World Bank will be supporting government with $200million to empower micro enterprises and enhance skills of entrepreneurs, as part of the economic recovery from covid-19 crisis. Implementation of the project which the Bretton Wood institution believes will secure the foundations of the economy will begin from the first quarter of next year. Dubbed “Ghana Jobs and Skills Project”, the project will support entrepreneurs with capital and training. A Social Protection Specialist at the World Bank, Christabel Ewuradjoa Dadzie, explains that the project will help the economy to recover post covid-19. “The joint project is being supervised by the Education…