The Public Utilities Regulatory Commission (PURC), ranked fourth in the 2022 Electricity Regulatory Index (ERI) for Africa. This was made known when the African Development Bank (AfDB) and the World Bank (WB) on the Global Electricity Regulatory Index (GERI), launched the ERI report virtually on Thursday, December 8, 2022. Forty-three …
Read More »World Bank: One Million Ghanaians Could Fall Into Poverty
At least one million more people could fall into poverty due to climate shocks if urgent climate actions are not taken. According to the World Bank’s new Country Climate and Development Report for Ghana, income could also reduce by up to 40% for poor households by 2050. The analysis calls …
Read More »Ghana Should Have Signed Up For Debt Service Suspension Initiative – World Bank President
The World Bank Group President, David Malpass, has expressed disappointment over Ghana and Nigeria’s decision not to sign up for the Debt Service Suspension Initiative (DSSI). Established in May 2020, the DSSI expired at the end of December 2021. The DSSI, put together by the International Monetary Fund (IMF) and …
Read More »G7 Asks World Bank To Support Ghana, Other African Countries
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 …
Read More »Ghana Ranks 1st With Highest Food Price In Sub-Saharan Africa – World Bank Report
Ghana is ranked 1st by the World Bank with the highest food prices in Sub-Saharan Africa in 2022. According to the Bretton Wood institution’s October 2022 Africa Pulse Report, food prices have since January 1, 2022, gone up by 122%. Since the start of 2022, food prices have increased sharply …
Read More »World Bank Explains Why Ghana’s Cedi Keeps Falling And US Dollar Keeps Winning
The US dollar is on a tear, strengthening around 11% since the start of the year and – for the first time in two decades – reaching parity with the Euro. Indeed, an overwhelming number of major currencies have depreciated against the dollar, with big implications for the developing world. Given …
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