• 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 Business

World Bank Lauds Ghana For Robust Policy Reforms Amid Challenging Economic Conditions

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
52
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

World Bank Lauds Ghana For Robust Policy Reforms Amid Challenging Economic Conditions

Acting Country Director of the World Bank for Ghana, Robert Taliercio, has applauded the Government for the significantly strong policy reforms implemented in 2023 despite the difficult macroeconomic conditions witnessed last year.

Programme Leader at the World Bank Ghana Country Office, Stefano Ciurto, delivering the welcome address on behalf of Mr Taliercio at the launch of the 2024 Country Policy and Institutional Assessment (CPIA) report on Tuesday, July 16, quipped the Government strengthened commitments to policy reforms that led to a significant reduction in the country’s headline inflation and increased support in access to finance by SMEs.

“Ghana’s authorities committed to policy reforms to strengthen the central bank’s independence which contributed to reducing year-on-year inflation from 54% in December 2022 to 23% in December 2023.

“The government also adopted a medium-term revenue mobilisation strategy and recently committed to reinstating its fiscal rule in the medium-term, while strengthening the independence of its Fiscal Council,” he noted.

“These macroeconomic reforms are reflected in upgrades in the areas of monetary and exchange rate policy and fiscal policy. Indeed, these measures to support macroeconomic stability are central to creating conditions supportive of the private sector with increased efforts to support access to finance for small and medium-sized enterprises,” he added.

Speaking further at the CPIA report launch, Mr Mullen posited that as the host of the African Continental Free Trade Area (AfCFTA) Secretariat and participant in the AfCFTA Guided Traded Initiative, Ghana represents the possibilities of increased trade in the African region.

RelatedPosts

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

The 2024 CPIA report highlights the policy trends, best practices, and key changes in 49 countries in the Sub-Saharan Africa region following the World Bank’s annual Country Policy and Institutional Assessment (CPIA).

The report underscores several key developments such as, the Africa region making significant strides in economic management and policies for social inclusion and equity, surpassing the global IDA average.

Another key development was the African region implementing reforms to enhance resilience to international economic shocks, particularly in central bank independence and transparency.

The report further highlights two major trends – digital technology and increased international trade – offering hope for private sector growth in the African region.

Tags: 2024 Country Policy and Institutional Assessment (CPIA) reportAFCFTAChallenging Economic ConditionsghanaRobust Policy ReformsWorld Bank country directorWorld Bank Country Director Lauds Ghana For Robust Policy Reforms Amid Challenging Economic Conditions
No Result
View All Result

Highlights

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

Morocco and Madagascar set up Historic CHAN Final in Nairobi

US Open: Defending Champions Swiatek and Sinner Cruise Into Second Round

Otto Addo Names Strong 24-Man Squad As Black Stars Prepare For Crucial World Cup Qualifiers Against Chad and Mali

Trending

Business

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

August 27, 2025

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System The Commissioner-General of the Ghana Revenue...

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

August 27, 2025

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

August 27, 2025

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

August 27, 2025

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

August 27, 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.