Tag Archives: World Bank

Former World Bank Vice warns………….

Professor Yifu Lin on Ghana

A former senior vice president at the World Bank, Professor Yifu Lin, has warned that Ghana risks losing out on huge investments if it fails to embark on drastic economic reforms. Ghana recently dropped 12 places in the latest World Bank Ease of Doing Business report. Prof Lin believes such reforms could attract the relocation of light manufacturing firms from ...

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Ghana becomes member of global investment reformers

investment reformers

The World Bank has selected Ghana to be a Founding Member of the Investment Reformers Network. Ghana is part of some 15 selected countries worldwide, to participate in the Network, this year. It follows what the Bank describes as Ghana’s transformational reforms impacting Foreign Direct Investment (FDI) and its spillover effect on the domestic economy. ‘For a long time, different ...

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World Bank says Sub-Saharan Africa to record modest recovery in 2017

Sub-Saharan Africa

The World Bank has projected that Sub-Saharan Africa would record modest economic growth recovery of 2.4 percent in 2017 after the region grew by just 1.3 percent in 2016. In its new Africa’s Pulse, a bi-annual analysis of the state of African economies, the World Bank, however, warns that the pace of the recovery remains sluggish and will be insufficient ...

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Focus on efficient development and resist flashy projects – World Bank

Sub-Saharan Africa

Cities in sub-Saharan Africa are experiencing rapid population growth rate, yet their economic growth has not kept pace, the World Bank Group has said. The Bank says it may be partly due to low capital investment, due in part to Africa’s relative poverty. However, the Bank is hopeful that African leaders can still set cities unto more efficient development paths ...

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Ghana must tighten its consumer protection standards- World Bank

Sub-Saharan Africa

The World Bank Group has called on the government of Ghana to, as a matter of urgency, tighten its consumer protection standards to promote the health, safety, and security of consumers. According to the World Bank Group’s Senior Director of Global Practice on Trade and Competitiveness, Anabel Gonzalez, Ghanaian authorities must dedicate serious attention to clearing the country’s market of ...

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