Economic Growth Must Benefits All
With global growth showing solid momentum, the challenge is to make it inclusive, World Bank Chief, Jim Yong Kim, has said last week. “The challenge now is to ensure that strong growth will...
Tag: International Finance Corporation
Everything About Nana Addo’s Affordable Housing Project
President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo on Tuesday, November 14, 2017, cut sod for the commencement of a housing project in Appolonia City. Speaking at the sod cutting...
Quantum Oil Case Against IFC To Be Heard In Ghana
An Accra High Court has dismissed a stay application by the International Finance Corporation (IFC) and the OPEC Fund to have suit brought against them by Quantum Oil moved to London for arbitration....
Ghana’s Failing Education System Can Be Salvaged By PPPs – IMANI
Yesterday’s Parliamentary debate on basic schools with crumbling buildings and the subsequent revelation by the minister of education of a funding gap of $200m to fix the most critical ones, brings...
Kenya’s Private Equity Raises US$30 Million To Fund SME
Kenya’s private equity fund that is backed by the private sector arm of the World Bank has raised about 30 million U. S. dollars to fund small and medium enterprises (SME) in the East Africa...
Banks To Look Into Agric Financing
Bankers are increasingly becoming amenable to agriculture financing, which they have long avoided for its unduly risky nature, on the back of recent attempts by government to inject confidence into...
Ofori-Asante Likely To Be Appointed As CEO of Petroleum Commission
President Nana Akufo-Addo is yet to appoint someone to take over as Chief Executive Officer of Petroleum Commission, but insider sources have tipped Mr. Philip Ofori-Asante to be next in line. Mr....
Kweku Baako Trades His Integrity Again
Kweku Baako, has once again taken on the National Democratic Congress (NDC), saying its members on the minority side of Parliament, will make a mockery of themselves for petitioning a US regulatory...
BDCs Debt Could Push NPLs Beyond 20%
Banks could be facing further liquidity challenges as government delays in settling the BDCs debt, Philip Owiredu, Executive Director at CAL Bank, has said. Following a directive from the Central...
Ghanaian British Architect David Adjaye Awarded Knighthood
Renowned architect David Adjaye has been awarded with a Knighthood for his service to architecture. The investiture ceremony was performed by Prince William Friday, May 12. Adjaye was born in...
World Bank Gives Ghana $1.2bn Over the Next 3 Years
The World Bank’s International Development Association (IDA) has committed US$1.2 billion to support Ghana’s economy over the next three years. The allocation, which will span July 2017 to June...
World Bank’s IFC, OPEC Fund Drag Ghanaian Firm To London Court
International Finance Corporation (IFC), the private lending arm of the World Bank Group, has dragged indigenous Ghanaian company Quantum Oil Terminals Limited to a London High Court to restrain the...
Growth In Middle Class Drives Private Education Boom On Continent
Private universities and schools are mushrooming across Africa Private universities and schools are mushrooming across Africa, as parents increasingly seek a quality education for their children...
IFC Urges Gov’t To Improve Business Environment
The IFC, a member of the World Bank Group, has called on the government to improve the business environment in the country to promote growth. According to the IFC, achieving the projected GDP growth...
We Want To Become Most Business Friendly Economy In Africa – Bawumia
The Vice President, Mahamudu Bawumia says Ghana wants to become the most business friendly country in Africa. Speaking during a high level dialogue on opportunities for business reform in Ghana in...
Africa Needs Diaspora Strategy To Harness Opportunities-Banking Consultant
A private banking consultant, Ms Nilla Selormey, has reiterated the need for Africa to develop a diaspora strategy that will utilise skills of returnees to harness opportunities in the continent. She...
Africa Needs Diaspora Strategy To Harness Opportunities – Consultant
A private banking consultant, Nilla Selormey, has reiterated the need for Africa to develop a diaspora strategy that will utilise skills of returnees to harness opportunities in the continent. She...
‘Africa Needs Diaspora Strategy To Harness Opportunities’
A private banking consultant, Ms Nilla Selormey, has reiterated the need for Africa to develop a diaspora strategy that will utilise skills of returnees to harness opportunities in the continent. She...
OPEC Fund, IFC Sued For $41.3m
QUANTUM Oil Terminals Limited has sued International Finance Corporation (IFC) and the OPEC Fund for International Development for damages totaling $41.3million ($41,319,123) as damages for alleged...
President Inaugurates Board of Ghana Investment and Infrastructure Fund
The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Wednesday, April 5, 2017, inaugurated the 9-member Board of Directors of the Ghana Investment and Infrastructure Fund (GIIF), charging...