WorldBank Archives

November 23, 2024November 23, 2024

Ghana Ranked 7th in World Bank Funding

Ghana has been ranked 7th globally as one of the largest recipients of funding from the World Bank, having received a total of US$11.2 billion from the International Development Association (IDA) between 1961 and 2024. The top three countries benefiting the

October 28, 2024October 28, 2024

Ghana Secures $260 Million From World Bank To Address Energy Sector Losses and Inefficiencies

Ghana has secured a US$260 million agreement with the World Bank aimed at addressing the US$1.2 billion in losses and inefficiencies plaguing the energy sector. Under the Energy Sector Recovery Programme, the deal includes a US$250 million credit for metering procurement

October 11, 2024October 11, 2024

World Bank Warns of Middle-Income Trap for Developing Nations

The World Bank has released its World Development Report 2024, sounding the alarm for middle-income countries at risk of falling into the “middle-income trap.” Despite significant strides in poverty reduction, only a small fraction of middle-income nations have successfully transitioned to