World Bank approves $4m grant to boost access to funds earned from carbon credits

[ad_1] The World Bank and Solidaridad West Africa (SWA) – leading implementation agency for Ghana signed a grant agreement for a US$4 million project to boost social inclusion in the sharing of benefits generated within the Ghana Cocoa Forest Reducing Emissions from Deforestation and Forest Degradation (REDD+) Program (GCRP). By directly engaging 20,000 farmers from…

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World Bank Approves $250m Credit Facility For Ghana

[ad_1]   The World Bank on Friday, May 31, 2024 approved a $250 million International Development Association (IDA) credit for a five-year Ghana Financial Stability Project. The project will support Ghana’s Financial Sector Strengthening Strategy (FSSS) by contributing to financial stability through the recapitalization of viable Banks and Specialized Deposit-taking Institutions (SDIs) impacted by Ghana’s…

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World Bank Approves $300m To Support Ghana’s Economy

[ad_1]   In a significant move, the World Bank has approved a $300 million Development Policy Operation for Ghana. This financial support aims to bolster the country’s economic recovery, resilience, and inclusive growth. The approval follows Ghana’s agreement in principle with the Official Creditors’ Committee under the G20 Common Framework for its proposed debt restructuring….

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    African Development Bank approves $102m support as budget presentation approaches

    [ad_1] The African Development Bank (AfDA) has given the green light for a $102.6 million grant to support Ghana’s Fiscal Consolidation and Economic Recovery Program. The initiative aims to reinforce recent fiscal consolidation measures and foster economic reforms, addressing the structural weaknesses exacerbated by global challenges such as the Covid-19 pandemic, global financial tightening, and…

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    Cabinet Approves Fresh Economic Recovery Measures

    [ad_1] President Nana Akufo-Addo The Ghanaian Cabinet has approved additional economic measures to maintain the country’s recent strides towards economic recovery. The measures are intended to fortify growth stability and cut spending. The decision comes as President Nana Addo Dankwa Akufo-Addo and his Cabinet ended a three-day retreat to address the country’s economy and humanitarian…

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