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      Pregnant JHS student killed, head cut off

      2 lovers arrested for killing Chinese boss 

      WASSCE candidate delivers baby while writing English paper

      CCTV captures woman allegedly stealing baby at Ajumako market

      Canada: 17-year-old wanted for killing Ghanaian immigrant in shooting

      Canada: 17-year-old wanted for killing Ghanaian immigrant in shooting

      3 uniformed policemen steal GH¢18,000, seize Mercedez Benz at gunpoint

      Over 500 axed from Ghana’s security services after recruitment audit

      Hearts demanded ¢100, 000 from Kuffour’s JAK Foundation before they would play Kotoko

      Kufuor demands respect and inclusion; laments marginalisation by NPP

      African Union must reform to stay relevant – Nigeria’s Buhari

      Nigeria declares public holiday to honour former leader who died aged 82

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      Sean ‘Diddy’ Combs to be sentenced on October 3

      Sean ‘Diddy’ Combs to be sentenced on October 3

      Shatta Wale dumps Hearts for Kotoko

      Shatta Wale to headline 2025 President’s Cup this weekend at the Accra Sports Stadium

      I spent $500,000 on Ibrahim Traoré movie –Lil Win

      I spent $500,000 on Ibrahim Traoré movie –Lil Win

      Medic who tweeted about Kuami Eugene’s health condition confirms 3-month suspension

      My life turned around after a trip to Volta Region – Kuami Eugene 

      Sarkodie, Darko Vibes,King Promise will perform at Africa Fan Zone at Paris Olympics – French Embassy

      Sarkodie sues Ecobank over lookalike advert

      The gospel music industry is pure evil – Esther Smith

      The gospel music industry is pure evil – Esther Smith

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      Axel Tuanzebe sues former club Manchester United over medical advice

      Axel Tuanzebe sues former club Manchester United over medical advice

      We are reviewing the practice of camping players at a ‘clubhouse’ – Sarfo Duku

      We are reviewing the practice of camping players at a ‘clubhouse’ – Sarfo Duku

      Video: How Tottenham introduced Stonebwoy’s song to Kudus

      Video: How Tottenham introduced Stonebwoy’s song to Kudus

      Maracana stadium to be named after Brazil legend Pele

      Pelé is the GOAT – Trump

      Arsenal close to finalising Gyokeres deal

      Arsenal close to finalising Gyokeres deal

      President’s Cup 2025: Kotoko claim victory over Hearts after coming from a goal down

      GFA approves Kotoko’s trip to South Africa for friendly against Kaizer Chiefs

      Asante Kotoko investigating Justice Blay’s controversial comments

      Asante Kotoko investigating Justice Blay’s controversial comments

      Big Boost for Asante Kotoko as Justice Blay resumes training 

      Asante Kotoko summon three players over Justice Blay’s explosive allegations

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      Palmer inspires Chelsea to beat PSG in Club World Cup final

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      Kenya drops visa requirements for all African countries

      Kenya drops visa requirements for all African countries

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      Lab-grown cheese is coming. But would you eat it?

      Ghana’s Chef Abbys makes TIME’s 100 Most Influential Creators list

      Ghana’s Chef Abbys makes TIME’s 100 Most Influential Creators list

      Mpox cases rise to 170 with 7 new infections

      Mpox cases rise to 170 with 7 new infections

      KATH doctor dies over lack of laboratory for treating ‘heart attack’

      KATH doctor dies over lack of laboratory for treating ‘heart attack’

      Single women contributed more to the spike in HIV/AIDS than men – Study

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        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        Songo, the African tribe where children are raised by their uncles

        Songo, the African tribe where children are raised by their uncles

        Manhyia puts a ban on funerals in Asanteman

        Details of the symbol of authority of the Ashanti Region, the Asanteman flag

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        Who is the real Yaa Asantewaa

        Who is the real Yaa Asantewaa

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      World Bank lines up US$715m support for Ghana

      World Bank lines up US$715m support for Ghana

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      The Country Director of the World Bank, Pierre Frank Laporte, says the bank is currently processing financial support that could reach up to US$715m to help the government combat the COVID-19 pandemic as well as execute other projects.

      Mr. Laporte told Business24 in an interview that the amount includes a US$100m financial support request made by government to enable it undertake a set of projects relating to its fight against the pandemic.


      This amount follows a similar support offered by the bank at the onset of the pandemic in early April, when an amount of US$100m was approved as part of the COVID Emergency Preparedness Response Support initiative.

      “We are going to give US$315m to Ghana through two projects,” Mr. Laporte said. “The first is a jobs and skills project, which will focus on improving the environment and make funds available for SMEs and focus on building skills in that area. The other project is the recently launched Ghana Accountability for Learning Outcomes Project (GALOP), which will support teaching and learning through modern in-service teacher training and provision of learning materials.”

      The Country Director expressed confidence that government’s request should be approved by end of July to provide the needed resources to tackle the pandemic and its ramifications.

      He added: “Early in the [World Bank’s] next fiscal year, by September 2020, we expect to bring roughly another US$400m in new projects, including one in the financial sector which will provide credit lines to the development banks and provide guarantees for SMEs. Additional funds will also be dedicated to the water sector—and this time we are focusing on Kumasi.”

      Debt service relief

      With resource-dependent countries like Ghana, which have been badly hit by the pandemic, asking for a debt service respite from both multilateral and bilateral institutions, Mr. Laporte stated that government may have to formally notify the bank if it intends to benefit from such a favour.

      He said although the government agrees that a suspension of its debt service commitments with the Washington-based lender would offer it some respite, the bank is yet to receive an official request to that effect.

      “Ghana has not yet officially made a request for debt service suspension. The Finance Minister and his team are still considering this. There are several issues related to that—for instance, there are benefits and costs of such engagement.”

      President Akufo-Addo in April announced that an agreement had been reached with the Bretton-Woods institution to freeze the country’s debt service commitments for the rest of the year. Ghana’s outstanding debt to the World Bank stood at US$4.2bn as at May 31.

      Mr. Laporte said while a formal notification is yet to be received by the bank from Ghana, other countries that made a similar request have been put on a watchlist by some credit rating agencies—which perhaps could be a reason holding government back.

      source: The Business 24 Online

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