Home / Business / G7 Asks World Bank To Support Ghana, Other African Countries

G7 Asks World Bank To Support Ghana, Other African Countries

Spread the love

The Group of Seven (G7)   has asked the World Bank to provide financial support to Ghana and other African countries to enable them deal with the impact of the economic crisis caused by force majeures.

The decision was taken during a meeting with African Finance Minsters with the G7 as part of the ongoing World Bank/International Monetary Fund (IMF) Meetings in Washington D.C.

The G7, an informal grouping of seven of the world’s advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Union.

Representatives from Ghana, Tunisia, Morocco, Senegal were all at the meeting.

Speaking in an exclusive interview with TV3’s Sani Abdul-Rahman, Ghana’s Finance Minister Ken Ofori-Atta described the meeting as historic because this is the first time African Finance Ministers have been invited to for such discussions.

See also  Ghana: Today’s Newspapers Headlines; Tuesday, August 30th, 2022

Mr Ofori-Atta said “It was actually quite a historic meeting because for the first time the G7 has called African Finance Ministers to deliberate on the crisis that they see.

“The trues that these are exogenous factors that have really, even their own economies put it under serious stress and are therefore, looking for ways in which they can add to the capital needs to make sure that things do not deteriorate. So countries such as Ghana, Senegal, Tunisia, Morocco were there.”

He added “The empathy is clear, the need to [introduce] something new and therefore, their interest in encouraging the world Bank to find more resource, tapping into the private sector so that they will stabilize where things are going.

See also  Ghana: Today’s Newspapers Headlines; Monday August 22,2022

“They have reduced growth rate to 2.7 per cent expecting a grim and difficult period, they don’t want to make sure that things deteriorate from liquidly to insolvency to chaos.”

The meeting brings together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial system.



The Group of Seven is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. In addition, the European Union is a ‘non-enumerated member’.

See also  Ghana: Today’s Newspapers Headlines; Wednesday, August 31, 2022




Thanks for reading from TodayGhanaMedia.com as a news publishing website from Ghana.



Source:  3news



Disclaimer: TodayGhanaMedia.com is not responsible for this report and its content.
There are four types of content published on  TodayGhanaMedia.com  daily: curated content; syndicated content; user-generated content; and original content.




Are You Suffering From Weak Erection, Low Libido, Premature Ejaculation Or Infections? – Get M-Plus No



  Maccun Plus (MPlus) is for men and women as a natural aphrodisiac with no side effects

Just contact the number below for M PLUS HONEY.

024-377-7896 / 0561193978
















Send your news stories to todayghanamedia@gmail.comand Chat with us via WhatsApp on +233 200818719



About admin

Check Also

U.S Vice President ‘Slams’ Ghana’s Anti-LGBTQ Bill As A Threat To Human Rights

Spread the love The Vice President of the United States of America, Kamala Harris, has …

Leave a Reply

Your email address will not be published. Required fields are marked *

<script async="async" data-cfasync="false" src="//ophoacit.com/1?z=5748179"></script>