• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Uncategorized

Gov’t, World Bank conclude rationalization of social intervention programmes

2 years ago
in Uncategorized
1 min read
0 0
0
87
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Gov’t, World Bank conclude rationalization of social intervention programmes

The Government, in partnership with the World Bank, has successfully concluded efforts to rationalize several social intervention programs, including the Free Senior High School (SHS) initiative.

The move comes in response to concerns raised by the country’s development partners regarding increasing expenditure on these programmes, and also aims to address the growing national debt while creating fiscal space.

The rationalization process involved a review of the funding allocated to these social programmes, seeking greater efficiency in resource allocation. Finance Minister Ken Ofori-Atta provided insights into this initiative, highlighting its importance for meeting structural benchmarks necessary for approval by the International Monetary Fund (IMF).

Mr Ofori-Atta explained that this review is a critical step to enable the World Bank to disburse approximately $500 million under the IMF program for Ghana by December 2023.

It is reported that around 17 programmes have been considered in the process and will be integrated into the 2024 budget with specific details revealed in the coming days.

The Finance Minister underscored the timeliness of these funds from the World Bank, emphasizing the government’s commitment to fulfilling all benchmarks to place the economy firmly on a path to recovery.

RelatedPosts

Gold Boom Drives Rising Costs for Australian Producers

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

Africa Private Investment Nearly Doubles to $3bn on Mega Deals

Additionally, he mentioned that the Ghana Financial Stabilization Fund will receive around $250 million from the World Bank to support local financial institutions, particularly those affected by the Domestic Debt Exchange Program.

These funding injections are expected to bolster the recapitalization of banks and provide much-needed support, particularly for local banks facing challenges resulting from the DDEP.

No Result
View All Result

Highlights

World Bank Raises Ghana’s 2025 Growth Forecast to 4.3% Amid Stronger Economic Recovery

Nigeria Eyes Debut Global Sukuk, New Loans to Raise Total of $2.8bn

GSS to Produce Regional and District GDP Figures from 2026

Africa’s Refining Capacity Expands as Uganda’s $4 Billion Oil Refinery Nears 2030 Start

Global Miners Raked in $700bn in 2024 Despite Rising Pressures

ADB Celebrates Customer Service Week with Renewed Commitment to Enhance Service Experience

Trending

Business

IMF, Papua New Guinea Reach Staff-level Agreement for $219m Disbursement 

October 8, 2025

IMF, Papua New Guinea Reach Staff-level Agreement for $219m Disbursement  An International Monetary Fund (IMF) team led...

CUTS Urges Public Institutions to Treat Citizens as Customers, Not Subjects

October 8, 2025

Cristiano Ronaldo Becomes Football’s First Billionaire Player

October 8, 2025

World Bank Raises Ghana’s 2025 Growth Forecast to 4.3% Amid Stronger Economic Recovery

October 8, 2025

Nigeria Eyes Debut Global Sukuk, New Loans to Raise Total of $2.8bn

October 8, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.