• 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

Economic Recovery: World Bank Country Director Acknowledges Progress But Urges Continued Efforts

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
78
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Economic Recovery: World Bank Country Director Acknowledges Progress But Urges Continued Efforts

Ghana has made significant progress toward macroeconomic stabilization, achieving notable improvements in inflation, debt restructuring, and fiscal consolidation, according to the World Bank Country Director, Robert Taliercio O’Brien.

However, he cautioned that substantial work remains for the country to fully recover.

Speaking on Joy News’ PM Express on Thursday, Mr O’Brien acknowledged the government’s success in curbing inflation.

“Inflation has been reduced and is on a declining path. It needs to keep declining—it’s still too high, but good progress is being made, thanks in part to the government’s policy stance,” he remarked.

According to him, the World Bank is particularly optimistic about Ghana’s debt restructuring efforts emphasizing the importance of the country’s decision to restructure its debts.

“Ghana implemented the domestic debt restructuring in 2023 and reached an agreement under the G20 Common Framework with its official creditors. As of June this year, the government announced an agreement in principle with the commercial bondholders, marking the third piece of the debt restructuring program. Again, very good progress, but more needs to be done,” he remarked.

RelatedPosts

Cedi@60: Ghana Has Turned a Decisive Corner in Post-Crisis Recovery, Says Governor Asiama

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses

Ghana Health Service, PharmAccess ink MoU to roll out SafeCare Nationwide for Quality Healthcare Improvement

Mr O’Brien further praised the government’s fiscal consolidation efforts, which have resulted in a significant reduction in public spending.

“We saw very important measures taken by the government to reduce expenditures last year, leading to a 7.9 percentage point decrease in spending,” he said, calling it “a very significant effort” to restore fiscal management.

Despite these accomplishments, the World Bank cautioned that Ghana’s economic recovery remains incomplete, with the World Bank Country Director urging continued focus on sustaining the progress made while tackling the remaining challenges.

 

Tags: economic recoveryEconomic Recovery: World Bank Country Director Acknowledges Progress But Urges Continued EffortsRobert Taliercio O'Brien.World BankWorld Bank country director
No Result
View All Result

Highlights

Cedi@60: Finance Minister Reiterates Call for Exclusive Use of Cedi in Domestic Transactions

Cedi@60: Vice President Calls for Sustained Fiscal Discipline, Commends BoG for Restoring Confidence in the Cedi

Cedi@60: BoG Governor Hails Currency’s Resilience, Pledges Stronger Policy Transparency and Digital Innovation

GAB CEO Urge Ghanaians to Prioritise Use of Cedi 

GAB CEO Urges Ghanaians to Support Efforts in Safeguarding Cedi Stability

From Shells to Screens: Experience 60 Years of the Ghana Cedi in Augmented Reality

Trending

Business

Cedi@60: Ghana Has Turned a Decisive Corner in Post-Crisis Recovery, Says Governor Asiama

October 28, 2025

Cedi@60: Ghana Has Turned a Decisive Corner in Post-Crisis Recovery, Says Governor Asiama Governor of the Bank...

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses

October 28, 2025

Ghana Health Service, PharmAccess ink MoU to roll out SafeCare Nationwide for Quality Healthcare Improvement

October 28, 2025

Cedi@60: Finance Minister Reiterates Call for Exclusive Use of Cedi in Domestic Transactions

October 28, 2025

Cedi@60: Vice President Calls for Sustained Fiscal Discipline, Commends BoG for Restoring Confidence in the Cedi

October 28, 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.