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

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