4 h. ago World Bank Tells Ghana to Invest Oil and Mining Windfalls in People

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-tells-ghana-to-invest-oil-and-mining-windfalls-in-people/Ghana must harness its new Pecan oil field revenues and mining windfalls to build human capital or risk squandering another resource boom, the World Bank warns. In its latest economic update, the Bank urges strategic investments in education, healthcare, and vocational training—transforming short-term gains into lasting prosperity for Ghana’s growing youth population. The upcoming Pecan […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-tells-ghana-to-invest-oil-and-mining-windfalls-in-people/

Politics

4 h. ago Ghana Think Tank Urges Emergency Overhaul for Bleeding State Firms

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-think-tank-urges-emergency-overhaul-for-bleeding-state-firms/Ghana’s struggling State-Owned Enterprises (SOEs) require immediate, disciplined intervention to avoid systemic collapse, policy think tank IMANI Africa warns. Despite controlling vital national resources, entities like Ghana Water Company Limited (GWCL) and Cocoa Processing Company (CPC) hemorrhage cash annually, sapping state coffers and threatening fiscal stability. The World Bank’s latest economic update singled out SOEs […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-think-tank-urges-emergency-overhaul-for-bleeding-state-firms/

Events

5 h. ago Banking sector showed mixed performance in 2024 – World Bank Group

Ghana’s banking sector exhibited mixed performance in 2024, characterised by robust asset growth alongside limited private credit expansion, according to the World Bank Group’s 9th Economic Update on Ghana.

Politics

7 h. ago Ghana’s new gov’t paves way for economic reforms – World Bank Group

Ghana’s new administration, backed by a clear parliamentary majority from the 2024 general election, has a renewed opportunity to drive ambitious economic reforms, according to the World Bank Group’s 9th Economic Update for Ghana.

Economics

8 h. ago Fiscal sustainability hinges on debt management, restructuring and consolidation – World Bank Group

Ghana's path to fiscal sustainability is on solid ground due to its successful debt management and restructuring efforts, according to the World Bank Group's 9th Economic Update on Ghana for June 2025.

Sport

9 h. ago Ghana Grapples with Quality Jobs Crisis as Only 13% of Workers Secure Good Positions

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-grapples-with-quality-jobs-crisis-as-only-13-of-workers-secure-good-positions/Ghana’s workforce faces a stark reality: 87% of workers cling to low-quality jobs that barely sustain them, while just 13% hold positions offering fair pay, stability, and skills matching. This sobering data, from the World Bank’s 9th Ghana Economic Update, exposes a critical mismatch between education and opportunity, leaving graduates disillusioned and human capital wasted. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-grapples-with-quality-jobs-crisis-as-only-13-of-workers-secure-good-positions/

Events

9 h. ago Ghana’s economy showed resilience in 2024 – World Bank Group

Ghana’s economy demonstrated remarkable resilience in 2024, with its Gross Domestic Product (GDP) growth reaching 5.7 per cent, according to the World Bank Group’s 9th Economic Update for the country in June. The report, titled “Addressing Labour Market Challenges and Opportunities in Ghana’s Economic Landscape,” highlights a strong rebound driven primarily by the industrial sector […]

Politics

9 h. ago Ghana Eyes 0.6% GDP Revenue Boost with Tax Enforcement, Says World Bank

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-eyes-0-6-gdp-revenue-boost-with-tax-enforcement-says-world-bank/Ghana could increase government revenue by at least 0.6% of GDP next year if it fully implements tax measures in its 2025 budget, the World Bank stated in its latest economic update. World Bank Country Director Robert Taliercio presented the projection in Accra, linking it directly to fiscal targets under Ghana’s IMF-backed reform program. He […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-eyes-0-6-gdp-revenue-boost-with-tax-enforcement-says-world-bank/

Events

11 h. ago Ghana’s Economy Outpaces Peers but Faces Crucial Reform Test, Says World Bank

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-economy-outpaces-peers-but-faces-crucial-reform-test-says-world-bank/Ghana’s economy defied global headwinds to grow 5.7% in 2024 and 5.3% in early 2025, outperforming regional peers through resilient trade and falling inflation, the World Bank reports. Yet fiscal pressures resurfaced last year, threatening hard-won stability gains. In its latest Economic Update, the Bank warns growth will slow to 3.9% in 2025 as austerity […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-economy-outpaces-peers-but-faces-crucial-reform-test-says-world-bank/

Politics

12 h. ago Ghana’s Growth Masks Job Crisis as Economy Relies on Spending, Not Factories

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-growth-masks-job-crisis-as-economy-relies-on-spending-not-factories/Ghana’s economy shows steady growth, but a heavy dependence on consumer spending fueled by oil revenues is failing to create quality jobs, a new World Bank report reveals. The 9th Ghana Economic Update warns this consumption-led model is stifling the structural transformation needed for broad-based prosperity. Oil windfalls and favorable global prices for cocoa, gold, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-growth-masks-job-crisis-as-economy-relies-on-spending-not-factories/

Events

12 h. ago World Bank Warns Mounting Debt Threatens Ghana’s Cocoa Sector

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-warns-mounting-debt-threatens-ghanas-cocoa-sector/The World Bank has raised urgent concerns over the Ghana Cocoa Board’s (COCOBOD) financial stability, warning that rising debt and operational inefficiencies could destabilize the country’s vital cocoa industry. Despite soaring global cocoa prices, Ghana’s production remains low, with COCOBOD struggling under significant arrears to suppliers and costly “quasi-fiscal operations” outside its core mandate. In […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-warns-mounting-debt-threatens-ghanas-cocoa-sector/

Events

13 h. ago World Bank Urges Ghana to Prioritize Jobs, Private Sector in Reform Push

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-urges-ghana-to-prioritize-jobs-private-sector-in-reform-push/Ghana must channel its structural reforms toward private sector growth and youth job creation, warns a new World Bank report. The ninth Ghana Economic Update stresses that with the working-age population set to surge, failure to generate productive employment risks squandering a major economic opportunity. “Unemployment and underemployment represent a potential powder keg,” said Deputy […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-urges-ghana-to-prioritize-jobs-private-sector-in-reform-push/

Politics

16 h. ago Stanbic Bank Donates GHS500,000 to Support Children of Crash Victims

News Ghana, Latest Updates and Breaking News of Ghana, Ike Dzokpo, https://www.newsghana.com.gh/stanbic-bank-donates-ghs500000-to-support-children-of-crash-victims/Stanbic Bank Ghana has donated GHS500,000 to the newly established Children Support Fund, set up to provide financial assistance to the children of the victims who died in the recent helicopter crash near Adansi Akrofuom in the Ashanti Region.  The announcement was made by President John Dramani Mahama during the State Funeral on August 15, […] News Ghana, Latest Updates and Breaking News of Ghana, Ike Dzokpo, https://www.newsghana.com.gh/stanbic-bank-donates-ghs500000-to-support-children-of-crash-victims/

Events

21 h. ago Stanbic Bank supports crash victims’ children with GHs500k seed donation

Stanbic Bank Ghana has donated GHS500,000 to the newly established Children Support Fund, set up to provide financial assistance to the children of the victims who died in the recent helicopter crash near Adansi Akrofuom in the Ashanti Region. The announcement was made by President John Dramani Mahama during the State Funeral on August 15, […]

Events

28 h. ago World Bank flags weak labour demand as key challenge in Ghana’s job market

The World Bank has identified weak labour demand in Ghana’s productive sectors as one of the major challenge to job creation, warning that it continues to limit economic opportunities for many workers. In its latest Ghana Economic Update launched in Accra, the World Bank noted that high-quality job creation in higher productivity sectors such as […]

Politics

28 h. ago Ghana’s economy resilient but faces fiscal and structural hurdles – World Bank

Ghana’s economy showed strong resilience in 2024, recording 5.7% growth despite global and domestic challenges, according to the World Bank.

Politics

29 h. ago World Bank warns COCOBOD’s mounting debts threaten Ghana’s cocoa sector

The World Bank’s latest Ghana Economic Update has raised concerns over the financial stability of the Ghana Cocoa Board (COCOBOD), warning that persistent operational and fiscal challenges could undermine one of the country’s most vital export industries. According to the report, despite record-high global cocoa prices, Ghana’s cocoa production remains weak, while COCOBOD owes significant […]

Events

29 h. ago Fix energy and cocoa sectors to protect economy – World Bank tells Ghana

The World Bank has urged Ghana to urgently address structural challenges in its energy and cocoa sectors as part of a broader push to safeguard the country’s economic stability and growth prospects.

Politics

41 h. ago Ghana’s Power Utility Faces US$2.2 Billion Gap, Cocoa Board Strains Finances

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-power-utility-faces-us2-2-billion-gap-cocoa-board-strains-finances/Ghana’s state-owned enterprises risk derailing national finances, the World Bank warns. Without urgent reform, the Electricity Company of Ghana (ECG) will face a $2.2 billion funding gap by late 2025. This shortfall could spiral to $9 billion by 2026. Robert Taliercio, World Bank Country Director for Ghana, Sierra Leone, and Liberia, sounded the alarm at […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-power-utility-faces-us2-2-billion-gap-cocoa-board-strains-finances/

Economics

41 h. ago Ghana’s Growth Path Tests Reform Resolve as World Bank Urges Action

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-growth-path-tests-reform-resolve-as-world-bank-urges-action/Ghana’s economy defied global headwinds to expand by 5.7% last year and maintain 5.3% growth early in 2025, according to the World Bank’s latest assessment. But this resilience now faces its sternest test as fiscal pressures mount. The institution projects growth will slow to 3.9% this year before recovering, warning that delayed debt restructuring and […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-growth-path-tests-reform-resolve-as-world-bank-urges-action/

Politics