WorldBank Archives

April 24, 2025April 24, 2025

World Bank to Support Creation of 500,000 Jobs Annually for Ghanaian Youth

The World Bank has pledged its support to Ghana in addressing the youth unemployment issue by backing a new Growth and Jobs Strategy aimed at creating opportunities for over 500,000 young people entering the job market every year. This commitment was

April 3, 2025April 3, 2025

World Bank Reassures Ghana: No Project Suspensions Amid Economic Concerns

The World Bank has issued a firm statement today, April 3, 2025, refuting claims that any of its funded projects in Ghana have been suspended. This announcement aims to reassure stakeholders in Kumasi and across the nation amidst growing concerns about

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