
Audio By Carbonatix
The World Bank has reiterated an earlier promise that Ghana will continue to enjoy its assistance despite attaining middle income status.Ghana last month statistically joined the league of middle income countries following a rebasing of the economy.The rebasing by the Ghana Statistical Service shot up the GDP from 25 billion Ghana cedis to 44 billion. Donor countries have usually scaled back assistance to middle income countries.The World Bank Country Director Ishac Diwan told Joy Business that although the bank will shift its focus for Ghana, the funds will continue to flow at least for a while longer.“We at the World Bank work with countries that are poorer than Ghana and those that are richer than Ghana so we want to adjust as we go along to more sophisticated products that are demanded by middle income countries,” he explained.He said the Bank will now be providing Ghana with products that meet Ghana’s peculiar needs.He however added that the country will have to be eventually weaned-off development assistance.Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ecobank joins The Build Project as official financing partner
21 minutes -
An open letter to the President: The excavators are back…
29 minutes -
When the flood receives your home address
51 minutes -
Oil prices gain as focus shifts to supply recovery and demand
4 hours -
Israeli police officer filmed throwing stun grenade into car in West Bank
4 hours -
Charlie Kirk’s family attends hearing for suspect charged with his murder
4 hours -
Frenchman convicted of 2020 murder of wife confesses from jail
4 hours -
Prince Harry begins his UK visit with court verdict
4 hours -
AI chip boom lifts Samsung profits by 1,800%
5 hours -
India orders Meta to remove ads promoting child sexual abuse
5 hours -
Amazon bars breastfeeding boss from business course
5 hours -
Brentford set to sign Wilson after West Ham exit
5 hours -
Neymar says Brazil career over after Norway defeat
5 hours -
PM Keir Starmer intervened in row over Mexico-England kick-off time
5 hours -
Tottenham seal £100m move for Newcastle’s Tonali
6 hours