GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home News

Economic Growth Must Benefits All

April 24, 2018
in News
Share on FacebookShare on Twitter

With global growth showing solid momentum, the challenge is to make it inclusive, World Bank Chief, Jim Yong Kim, has said last week.

You Might Also Like

Why Ghana and Nigeria Were Not Invited to the Russia-Africa Summit

Two People Arrested in Connection with Death of X-Rated American IG Model, Tyger Booty

Ghana’s Parliament Erupts into Chaos as NDC MP whisks away Speaker’s seat

“The challenge now is to ensure that strong growth will translate into inclusive growth, so that the benefits of global economic integration are enjoyed by all members of society,” Kim said at the start 2018 Spring Meeting of the International Monetary Fund and the World Bank in Washington DC last week.

He said: “the global economy is showing solid momentum. We’re expecting global growth to edge up to 3.1 per cent in 2018 – its strongest performance since 2011 – as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices,” Kim said here.

Kim said this period of robust growth is a great opportunity to invest in human and physical capital.  Filling infrastructure gaps, improving education and health outcomes, and increasing female labour force participation could continue to drive growth, he added.

“If policy makers around the world focus on these key initiatives, they can increase their countries’ productivity, boost workforce participation, and move closer to the goals of ending extreme poverty and increasing shared prosperity, the World Bank President has said.

Referring to the Global Findex financial inclusion database, launched by the World Bank this morning, Kim said financial inclusion is on the rise.

“Digital technology is driving access to – and the use of – financial services. But there is still a wide gender gap,” he said.

Kim said the bank would release later in Indonesia a rigorous, detailed measure of the human capital in each country, which will help its member nations invest more – and more effectively – in their people.

“We will be releasing an index to rank countries according to how well they’re investing in the human capital of the next generation. The measurement will provide information that heads of state and finance ministers need to know in order to invest to build human capital, and the index will make those measurements hard to ignore,” Kim said.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: bankbankingBusiness_FinancechiefDCdigital technologyeconomyfinancefinance ministersFinancial inclusionFinancial servicesindonesiaInternational Finance CorporationInternational Monetary FundJim Yong Kimmanufacturingmicrofinancepolicy makerspresidentWashington DCWorld Bank

Related News

Why Ghana and Nigeria Were Not Invited to the Russia-Africa Summit

Why Ghana and Nigeria Were Not Invited to the Russia-Africa Summit

by ghanastar
July 28, 2023
0

The Russia-Africa summit, which took place in St. Petersburg in July 2023, was notable for the absence of two of...

Two People Arrested in Connection with Death of X-Rated American IG Model, Tyger Booty

Two People Arrested in Connection with Death of X-Rated American IG Model, Tyger Booty

by ghanastar
January 2, 2022
0

The Ghana Police Service has announced the arrest of two persons in connection with the death of Julie Diane Williams,...

Ghana’s Parliament Erupts into Chaos as NDC MP whisks away Speaker’s seat

Ghana’s Parliament Erupts into Chaos as NDC MP whisks away Speaker’s seat

by ghanastar
December 1, 2021
0

Ghana's Paliament on Wednesday erupted into chaos with minority and majority members shoving and pushing each other. The heated confrontation...

Cedi records highest depreciation against dollar in 36 weeks

Cedi records highest depreciation against dollar in 36 weeks

by ghanastar
December 1, 2021
0

The local currency is back into free-fall mode against its major counterpart trading currency, the US dollar, as it records...

Next Post

Former Ivory Coast Coach Henri Michel Dies

Lawyer and Friend Jailed 12 Years For Fraud

Trending News

Emma M’eni Nwu, Emma M’atamfo Nsere Me(Kyere Me W’akwan)

August 20, 2016

My Hands Are Blessed

August 20, 2016

Kept By The Power Of God

August 20, 2016

About

Read today's latest news headlines from Ghana and Africa. Stay up to date on local business, sports, crime, politics, arts, culture, and more.

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Why Ghana and Nigeria Were Not Invited to the Russia-Africa Summit
  • Vice President Bawumia Shares Inspiring Journey from Oxford University to Political Success
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com