world bank Archives - Page 3 of 6

18 Jul

We Are On Course For First Successful Review Of IMF Programme In November 2023 – Ofori-Atta

wontumionlineBusinessbilateral creditors, imf, Ken Ofori Atta, world bank

Finance Minister, Ken Ofori-Atta, has indicated that the country is on course for the successful completion of its first review of the International Monetary Fund (IMF) Programme in November 2023 and the subsequent disbursement of an additional $600 million. According to him, Ghana will finanlise a Memorandum of Understanding with its official bilateral creditors before the first review of the IMF Programme is completed in November 2023. Disclosing this when the World Bank Managing Director for Operations, Anna Bjerde paid a courtesy call on him, Mr. Ofori-Atta, said Ghana is complying with all the conditions stipulated by the programme. “We…

11 Jul

I Persuaded World Bank To Inject $200m Into My Tree Crop Vision – Afriyie Akoto

wontumionlineNewsAfriyie Akoto, Crop Vision, world bank

A flagbearer hopeful of the New Patriotic Party (NPP), Dr. Owusu Afriyie Akoto, has said that he personally approached the World Bank to provide funding to support the Tree Crop Development Authority (TCDA) knowing the potential of its revenue base and how it could change the economic fortunes of Ghana. According to him, he embarked on that move because of the slow pace at which the government was disbursing the seed money of US$5million every year for the first three years of the establishment of Tree Crop Development Authority (TCDA), making it US$15million. As at the first three years of…

11 Jul

World Bank Managing Director Of Operations Visits Ghana On July 12

wontumionlineBusinessAnna Bjerde, world bank

The Managing Director of Operations at the World Bank Group, Anna Bjerde, will make her first official visit to Ghana from Wednesday, July 12 to July 15, 2023. The visit would become Anna Bjerde’s maiden one following her appointment to the position on April 3, 2023. During her stay in Ghana, she will be accompanied by the World Bank Vice President for Western and Central Africa, Ousmane Diagana. Anna Bjerde and her delegation, will during the period, pay a courtesy call to President Nana Addo Dankwa Akufo-Addo. She will also hold high-level discussions with government officials including the Vice President, Dr.…

07 Jun

Shut Up Because You Have No Defense About The Review And Renegotiation- Philip Twum Yeboah to NDC

wontumionlineFeatured, News, TrendingMovement In The Morning, Paul Twum Yeboah, world bank

New Juaben North constituency parliamentary hopeful, Paul Twum Yeboah, has sent a stern warning to the National Democratic Congress, to be silent regarding the review to Ghanaians by the world bank. In an interview with Kwaku Dawuro, on Movement In The Morning, on Movement TV/Wontumi radio, Paul Yeboah stated that Ghana's economy under the leadership of John Mahama and NDC was nothing to write home about, hence their irrelevant comment on world bank's request for an economic review and reform. ''The truth of the matter is that Côte d'Ivoire had the same issue and the rate we were given was…

05 Jun

NDC Wants To Divert Attention From The World Bank’s Expose On Mahama- Paul Opoku

wontumionlineFeatured, News, TrendingExpose, Mahama, Paul Opoku, world bank

A Communication team member of the new Patriotic Party (NPP), Paul Opoku has rubbished claims by the NDC which seeks to suggest that the government is only interest in constructing good roads, whenever there's a by-election. He said that there was no need to give credence to such allegations, as they hold no water and advised Ghanaians to treat it with a pinch of salt. Speaking on Movement In The Morning Show on Movement TV/ Wontumi Radio, he told Kwaku Dawuro that the NDC had adopted such strategy to divert attention after the World Bank had said that the Power…

02 Jun

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

wontumionlineBusinessimf, Pierre Laporte, world bank

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…

02 Jun

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

wontumionlineBusinessfrank 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.…

29 May

World Bank Allocates US$150 Million To Ghana For Enhancing Flood Control In Odaw Basin

wontumionlineNewsworld bank

The World Bank has disbursed a sum of US$150 million to the Ghanaian government as additional funding for the purpose of bolstering flood resilience in the Odaw River Basin located in the Greater Accra Region. The loan will be utilized to support the Greater Accra Resilient and Integrated Development (GARID) Project, which aims at enhancing flood risk management and solid waste disposal systems for over 2.5 million individuals residing in the Odaw River Basin. Pierre Laporte, the World Bank's country director for Ghana, Liberia, and Sierra Leone, expressed the bank's satisfaction in assisting Ghana during these challenging macroeconomic times and…

19 May

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

wontumionlineBusinessDr. 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…

04 May

Ajay Banga Selected 14th President Of World Bank

wontumionlineBusinessAjay Banga, world bank

The Executive Directors of the World Bank have selected Ajay Banga as President of the World Bank for a five-year term, beginning June 2, 2023. Ajay Banga most recently served as Vice Chairman of General Atlantic. He was previously the President and CEO of Mastercard, a global organisation with nearly 24,000 employees. Under his leadership, MasterCard launched the Center for Inclusive Growth, which advances equitable and sustainable economic growth and financial inclusion around the world. He was also Honorary Chairman of the International Chamber of Commerce, serving as Chairman from 2020-2022. He became an advisor to General Atlantic’s climate-focused fund,…