Ghana’s rate of disbursing funds from the World Bank has been described as below average, and could be improved. The rate of disbursement is currently 15 percent instead of between 20 and 25 percent, which would have been more ideal. This was disclosed at a media interaction in Accra by the Country Director of the World Bank office in Ghana, who said about US$750 million is available for... 

Ghana’s economy is benefiting from 1,113.8 million dollars approved by the World Bank to support her development efforts within the last 12 months Mr Ishac Diwan, the Bank’s Country Director, has said. Mr Diwan, who was addressing Journalists at the Bank’s Accra Office on Thursday, said the Board of Directors in June this year approved 728.7 million dollars for various programmes and... 

The Board of Executive Directors of the World Bank approved on June 25, 2010 the release of the second and last tranche (US$143 million) of the Economic Governance and Poverty Reduction Credit (EGPRC). A first tranche of U$150 million had been disbursed a year earlier in July 2009 after the board approved the two tranche facility, aimed to support Ghana’s efforts, in the midst of... 

Considerable amounts of money approved by the World Bank for various projects in the country, are said to be still sitting idle in the ministries, departments and agencies (MDAs). This is due to the slow process of disbursement attributed to the general weaknesses in the country’s implementation process. Speaking to the Times, the Bank’s Country Director, Ishac Diwan, confirmed the situation... 

The World Bank’s International Finance Corporation (IFC) has lent US$175 million to pan-African banking group Ecobank Transnational Inc (ECOBANK) to boost the financial sector in several countries. In a statement obtained on Friday, the IFC said providing cash to a “regionally systemic financial institution” would increase lending to small and medium-sized businesses in some of the... 

The World Bank’s new Access to Information Policy took effect on 1st July 2010 making more information available to the public than ever before, particularly on Board actions and projects under implementation. The policy, approved by the Board of Executive Directors in November 2009, is a sea change for the Bank and has already been recognized within the development community as a fundamental... 

The Ghanaian economy is expected to receive budgetary support next month from the World Bank and the International Monetary Fund (IMF) to shore up its finances, Finance Minister Kwabena Duffuor has said. “Recent negotiations with the multilateral institutions will see an inflow of 1.2 billion dollars (858 million euros) budgetary and project support from the World Bank and possibly one billion...