Ghana’s economy is expanding, but much of its workforce is “running on a treadmill”, that is shifting between jobs without significant improvement in income or security. This is according to the World Bank’s latest Ghana Economic Update. Between 2012 and 2023, the country added 720,000 jobs in industry and services but shed 470,000 in agriculture….
The World Bank has issued a definitive statement dispelling speculation about the status of its funded projects in Ghana. In a brief but crucial communication released today, the global financial institution stated unequivocally, “No projects in the World Bank-financed portfolio in Ghana are currently suspended.” This clarification comes amidst recent concerns and reports suggesting that…
Ghana is ranked 7th in the world as the biggest beneficiary of World Bank funding. The country has received a total of US$11.2 billion of the International Development Association (IDA) funding from 1961 to 2024. Ethiopia (US$23.4 billion), Nigeria (US$18.8 billion) and Vietnam (US$18.5 billion) are ranked 1st, 2nd 3rd respectively. China is ranked 8th…
