Tag: Henry Kerali
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Risk of overspending budget in next year’s elections real — World Bank Country Director
The outgoing Country Director of World Bank, Henry Kerali, says the risk of government overspending in next year’s election is real despite a number of initiatives put together after the country exited the IMF programme this year. Mr. Kerali speaking at the launch of the World Bank’s fourth Ghana Economic Update said Ghana’s true progress…
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Completing financial sector clean-up is urgent — World Bank tells BoG
The outgoing Country Director of the World Bank, Henry Kerali has said the Bank of Ghana urgently needs to complete its ongoing financial sector clean-up exercise. The Bank of Ghana financial sector reforms since 2017 has led to the closing down of nine banks, close 400 microfinance, and microcredit institutions. The central bank has served…
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Outgoing World Bank Country Director urges gov’t to improve ease of doing business
The outgoing World Bank Country Director, Henry Kerali, has challenged the government to among other things, prioritise the strengthening of the business environment in Ghana in order to better compete with other lower-middle-income countries. Ghana is currently ranked 114 among 190 economies in the ease of doing business, according to the latest World Bank annual rankings. In a…
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Financial stability: World Bank gives Ghana $30m support
The World Bank has approved a $30 million International Development Association (IDA) credit to support the Government of Ghana strengthen its financial sector stability. The support is also to improve inclusiveness for users of formal financial services and the financially excluded, particularly women, rural communities and farmers. Commenting on the gesture, the World Bank Country…