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
The Food and Agriculture Organisation (FAO) of the United Nations and the West Africa Health Organisation (WAHO) have signed a partnership agreement to support common visions of health development, food, nutrition and biodiversity. The agreement was signed on the sidelines of a five-day Forum on Public Private Partnership in health for the ECOWAS region, which … Read more
Ghana will benefit from 2.2 billion dollars from the World Bank for next three 3 years according to the Country Director for World Bank, Henry Kerali. Mr. Kerali, who made this revelation at the World Bank headquarters in Washington DC to a team of government delegation led by Vice President Dr. Bawimua, added that the … Read more
Finance Minister Ken Ofori-Atta has refuted claims that government is rushing to end the IMF bailout programme due to borrowing restrictions. Government signed on the three-year extended credit facility in 2015, to among others ensure fiscal discipline and cut down on government’s borrowing spree. Government earlier this year announced that it will not extend the … Read more
Finance minister Ken Ofori-Atta has refuted claims that the government is rushing to end the International Monetary Fund (IMF) bailout programme due to borrowing restrictions. Government entered into the bailout programme to among other things, ensure fiscal discipline and cut down on government’s borrowing space. Earlier this year, the government announced it will not continue … Read more
Finance minister Ken Ofori-Atta has refuted claims that the government is rushing to end the International Monetary Fund (IMF) bailout programme due to borrowing restrictions. Government entered into the bailout programme to among other things, ensure fiscal discipline and cut down on government’s borrowing space. Earlier this year, the government announced it will not continue … Read more
Private universities and schools are mushrooming across Africa Private universities and schools are mushrooming across Africa, as parents increasingly seek a quality education for their children outside of the state offering – a move which is largely attributable to the rapid growth of the middle class on the continent. “The private education sector is experiencing … Read more
The IFC, a member of the World Bank Group, has called on the government to improve the business environment in the country to promote growth. According to the IFC, achieving the projected GDP growth target of 6.3 percent is hinged on having an enabling environment for businesses especially the private sector to thrive. In 2007 … Read more
The International Monetary Fund (IMF) has indicated that it is still in discussion with Ghana over a possible extension of the Fund program. Finance Minister Ken Ofori Atta at a recent engagement with media noted that government is committed to completing the program as scheduled on April 2018. He then admitted that this decision will … Read more
Paramount Chief of Katiu, Pe Ayikode Zangbeo Atoge IV, one of the chiefs addressing the durbar Many Anthropologists who study the cultural variation among humans have identified Culture as a powerful tool for development. It had also been established at some forums that Tradition and knowledge are the main pillars of development and sustenance of … Read more
International Monetary Fund (IMF) mission to Ghana has stated that Ghana’s longstanding challenges can only be resolved through ambitious and sustained reforms in key policy areas, going beyond the central government to encompass the broader public sector. Speaking at a press conference at the end of a two-week visit to Ghana, the IMF Mission Chief, … Read more
The Chairman of the Economic Management Team, Vice President Dr. Mahamudu Bawumia, and the Finance Minister Ken Ofori-Atta are leading a Government delegation to the IMF/World Bank Spring Meetings to be held in Washington DC, from April 18 – 28, 2017. The delegation is made up of officials from the Bank of Ghana, led by … Read more
In its 70-year history, the International Monetary Fund has been no stranger to financial crises and policy disputes but now faces a new challenge: a US administration fundamentally opposed to some of its most important positions. With the Fund’s 189 members due to stage a semi-annual meeting in Washington this week, there has been no … Read more
The Chairman of the Economic Management Team, Vice President Dr. Mahamudu Bawumia, and the Finance Minister Ken Ofori-Atta are leading a Government delegation to the IMF/World Bank Spring Meetings to be held in Washington DC, from April 18 – 28, 2017. The delegation is made up of officials from the Bank of Ghana, led by the … Read more
The 2017 world Bank/IMF spring meetings are currently ongoing in the United States capital of Washington DC. The event scheduled from April 18 to April 23 is expected to host thousands of people from governments, civil society, academia, media, financial institutions and the private sector to discuss trade, business, financial policies and global economic and … Read more
The National Democratic Congress (NDC) negotiated a bad deal with the International Monetary Fund (IMF) that prevented it from accessing loans to carry out projects, policy analyst Jason Tutu has said. According to him, former Deputy Minister of Finance Cassiel Ato Forson has made claims that the IMF was unfair to the erstwhile National Democratic … Read more
The Chairman of the Economic Management Team, Vice President Dr. Mahamudu Bawumia and the Finance Minister Ken Ofori-Atta are leading a government delegation to the IMF/World Bank Spring Meetings. The delegation is also made up of officials from the Bank of Ghana led by the Governor, Dr. Ernest Kwamina Yedu Addison; the Chairman of the … Read more
Finance Minister, Ken Ofori-Atta has disclosed that the government is committed to ending its agreement with the IMF in April 2018. This according to him has made it necessary for the government to consider alternatives in addressing deficits and maintain a sound economy for businesses to thrive. The comment by Mr. Ken Ofori-Atta is a … Read more
Cholera and acute diarrhoea have killed more than 500 people and left tens of thousands of others sick in drought-hit parts of Somalia since January, the United Nations said Thursday. The UN’s health agency said the epidemic had left more than 25,000 people sick, warning that number was likely to double by the end of … Read more
UN chief Antonio Guterres has named a German with extensive experience at the world organization, Achim Steiner, as the new administrator of the UN Development Programme (UNDP). Steiner, who previously served at the UN Environment Programme and headed the UN office in Kenya, was selected to succeed Helen Clark, a former New Zealand prime minister, … Read more