Business in Ghana

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Archive for January 24th, 2011

World Bank Approves US$215million Budget Support for Ghana

Posted by Business in Ghana on January 24, 2011

Funds to help consolidate macro-economic stability, public financial management, 
public sector reform, energy and social protection.

The World Bank board today approved a US$215 million Poverty Reduction Support Credit (PRSC) to the Government of Ghana. The goal of the credit is to support the government’s efforts to consolidate ongoing fiscal stabilization and promote the development objectives set in the Ghana Shared Growth and Development Agenda (GSGDA), Ghana’s national medium term development policy framework for 2010-2013. Read the rest of this entry »

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Building Capacity to Manage Ghana’s Oil – World Bank assists with US$38 million

Posted by Business in Ghana on January 24, 2011

Government Agencies, Local Authorities, Educational Institutions and Civil Society to benefit

The World Bank Board today approved a credit of US$38 million to the Government of Ghana for implementation of an Oil and Gas Capacity Building Project.

The Project, which has become necessary following Ghana_s discovery of oil and gas in commercial quantities has two main objectives: first, to help improve public management and regulatory capacity and enhance sector transparency by strengthening the institutions managing and monitoring the sector; and second, support the development of indigenous technical and professional skills needed by the petroleum sector through support to selected educational institutions. Read the rest of this entry »

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President-elect bans Ivory Coast cocoa exports

Posted by Business in Ghana on January 24, 2011

Traders are bracing for a jump in the price of cocoa on Monday, after the internationally recognised president-elect of Ivory Coast imposed a one month export ban in an attempt to oust Laurent Gbagbo, who the international community said lost elections though he remains president. Read the rest of this entry »

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