The African Union Commission has reiterated its commitment to working with the World Food Programme (WFP) in enhancing the livelihoods of the African citizenry. Speaking at the 2017 opening session of the Annual WFP Executive Board meeting, AUC Commissioner for Rural Economy and Agriculture, H. E Josefa Sacko, representing the AUC Chairperson, H.E. Mr. Moussa … Read more
A Digital for Inclusion (D41) program has been launched in Accra. D41 is a collaborative initiative between Ghana Investment Fund for Electronic Communications (GIFEC), the National Board for Small Scale Industries (NBSSI), the United Nations Capital Development Fund (UNCDF) and Zeepay Ghana Limitd (Zeepay), a digital financial services Company. D4I was developed to improve the … Read more
The United Nations Industrial Development Organization (UNIDO) with support from the Switzerland government through the State Secretariat for Economic Affairs (SECO) has commissioned an ultra-modern laboratory at the Council for Scientific and Industrial Research (CSIR) -Soil Research Institute (SRI) in Kumasi on Thursday. The upgrade of the CSIR- SRI laboratory by UNIDO through the Trade … Read more
Five UN workers at a refugee camp in northwest Kenya were allegedly involved in fraud and other serious misconduct, the UN refugee agency said Tuesday. One staff member was arrested after the agency referred three workers at the Kakuma camp to Kenyan police for criminal prosecution, according to the UN’s High Commissioner for Refugees (UNHCR). … Read more
A Deputy General Secretary of the National Democratic Congress (NDC) says the party is taking stock as it prepares to mark its 25th anniversary on June 10, 2017. Koku Anyidoho says it is important the party retools and refashions to meet the demands of modern political party organization. Functional executives of the leading opposition party … Read more
The World Food Programme (WFP has launched a five-year integrated agriculture and nutrition project to assist prevent malnutrition among children and pregnant women in Ghana. The project, known as “Enhanced Nutrition and Value Chain” (ENVAC) is being implemented with funding from Global Affairs Canada. It offers an innovative market-based approach to tackling malnutrition and under … Read more
The World Health Organization should expand its donor base to better withstand the “shock” from planned deep budget cuts in Washington, Tedros Adhanom, the newly elected agency head, said Wednesday. A day after he became the first African to head the WHO, the former Ethiopian health minister told reporters in Geneva he had been in … Read more
An extension would reassure markets and also likely bring in additional IMF funds Ghana’s government will ask the International Monetary Fund to extend its support programme to December 2018 from April 2018 to boost efforts to stabilize the economy, senior government sources said on Monday. An extension would reassure markets and also likely bring in … Read more
The International Monetary Fund said Friday it will release the second tranche of a $12-billion loan to Egypt, in a “vote of confidence” in the country’s economic reform programme. The amount of $1.25 billion must still be endorsed by the IMF board following an “expert-level agreement” announced after a visit to Cairo, an IMF statement … Read more
Government and private establishments should expand their employment opportunities “For me, it is all about people having jobs, and that is why I make no apology for having focused relentlessly on employment and job creation”. Enda Kenny Decent Work Agenda (DWA) has become increasingly recognized as a key approach to global and national development and … Read more
Government’s decision on a possible extension of the IMF deal is likely to be concluded next month. This is the indication from the Chairman of Parliament’s Finance Committee, Dr. Mark Assibey Yeboah. His comments come at a time that discussions on a possible extension of the deal have been on top of the agenda between … Read more
World Bank Country Director Henry Kerali has confirmed the International Monetary Fund (IMF) is in discussions with Ghana over extension of the Fund program. This confirms earlier reports by JOYBUSINESS that government is likely to extend the fund program which should have ended in April 2018. The move JOYBUSINESS understands has been influenced by IMF’s … Read more
Executive Board of the International Monetary Fund (IMF) has approved a new three-year arrangement for Togo under the Extended Credit Facility (ECF) worth (US$241.5million) to support the country’s economic and financial reforms. The Executive Board’s decision enables an immediate disbursement of US$34.5 million. The remaining amount will be phased over the duration of the program, … Read more
Effective science communication requires more collaboration between researchers, communication officers and journalists. This was one of the key messages in a 2-day science reporting workshop jointly organised by the United Nations University Institute for Natural Resources in Africa (UNU-INRA), the United Nations University, Maastricht Economic and Social Research Institute on Innovation and Technology (UNU-MERIT), Netherlands … Read more
The World Bank’s International Development Association (IDA) has committed US$1.2 billion to support Ghana’s economy over the next three years. The allocation, which will span July 2017 to June 2020, will be channelled into budget support and special social intervention projects. As part of the 18th replenishment of the IDA, an amount of US$75 billion … Read more
International Finance Corporation (IFC), the private lending arm of the World Bank Group, has dragged indigenous Ghanaian company Quantum Oil Terminals Limited to a London High Court to restrain the Ghanaian company from litigating against IFC and OPEC Fund for International Development (OFID) in any court in Ghana in relation to a law suit against … Read more
government is expected to extend programme with the International Monetary Fund (IMF) which should be ending in April next year. The likely extension sources say has been influenced by the previous administration’s inability to achieve the deficit target and implementation of key structural reform measures. According to a source close to government, “it was clear … Read more
World Bank President, Jim Yong Kim has warned that developing countries including Ghana stand the risk of losing credibility if they keep competing with the private sector in developing businesses and creating wealth for the economy. Governments must prioritize projects and create enabling environments for the private sector to flourish because global economies are built … Read more
A clear theme running through the meetings was the need to protect the growth momentum The world’s economic leaders and stakeholders came together at the 2017 IMF and World Bank Spring Meetings amid a more positive outlook on the global growth, which is forecast to hit its fastest pace in five years. A clear theme … Read more
Sub- Saharan countries facing threats of famine in the near future could heave a sigh of relief as the World Bank commits 1.6 billion dollars to avert the crisis. This comes on the back of a record 57 billion dollars from the World Bank to support key developmental projects in Sub-Saharan Africa over the next … Read more