W’Bank approves $315m for digital transformation in Ghana
Executive Directors of the World Bank has approved a $315 million financing for Ghana to drive job creation, skills development and digital transformation in the country. In a statement copied to Business Hilights Ghana Bureau Chief in Accra, the facility…
Stopping the accursed $22b loan bid
By Chido Nwakanma Relief has been the dominant emotion on news that the Federal Government has halted the ill-fated quest for a $22.7b foreign loan to tackle what it called infrastructure projects. Finance Minister Mrs Zainab Ahmed announced the decision…
W’Bank says Boko Haram, herdsmen limited mileages in agric sector
..As analysts see visa on arrival as deadly window for foreign herdsmen Latest World Bank report on Nigerian economy has painted a rather bleak picture of movement without motion in the nation’s quest for agro-economy. This is palpable fears are…
Jumping Nigeria, other developing nations’ debt could crash economies—W’Bank
…As Nigeria set to borrow $30bn abroad Less than 24 hours former Vice President, Aitku Abubakar had warned that the ongoing move to borrow additional $30bn, has all it take to turn the ailing economy into biting debt crisis, the…
Resources dev., technology powering Ghana’s growth solidly – World Bank
World Bank report released in Accra this week has released that Ghana’s economic growth has been strong over the past decade, with annual GDP per capita growth at an averagely 4.4 per cent between 2006 and 2017. The report said…
Seme border closure killing ECOWAS treaty, genuine businesses—Stakeholders’
A number of Nigerian industries surviving on distribution of their products within ECOWAS states are beginning to feel the brunt of Seme Border closure by the Federal Government as goods worth billion of naira had been held either at the…
Nigeria: Danger as W/Bank’s supported schemes handled by CCECC in trouble
Less than two months after the news broke that what a Chinese firm working in both Nigeria and Ghana charges to do similar jobs vary exponentially to the detriment of Nigeria, suggesting veiled undercurrent deals, the World Bank has blacklisted…
Ghana’s e-Procurement System to save $100m, 2% GDP annually—W’Bank
The World Bank’s Resident Director in Ghana, Mr Henry Kerali, has revealed that the takeoff of e-Procurement System will not only return about $100m to the economy yearly, but an equivalent of two percent of Ghana’s Gross Domestic Product (GDP)…
Regular collapse of national grid may make or mar W’Bank’s $1bn loan approval
Considering its core industrial support policy, the ongoing $1bn loan discussion with the World Bank may receive the needed speed to save the nation from total power collapse following embarrassing momentary collapse of the national grid. On the other hand,…
Ghana’s 2019 7.6% growth driven by manufacturing, services, oil—W’Bank
…As Nigeria takes backstage with oil powered monoeconomy at 2.1% More facts have continued to emerge from the World Bank’s latest ‘Africa’s Pulse’, the bank’s bi-annual analysis of the state of African economies, released earlier this week. Whereas the World…
