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Tag: World Bank

World Bank grants $27.7m concessionary funding to NHIS

World Bank grants $27.7m concessionary funding to NHIS

Ghana News, Health & Wellbeing
The World Bank has provided the National Health Insurance Scheme (NHIS) with $27.7 million concessionary funding to improve services, especially to the poor and vulnerable. The funding will enable the scheme to increase its population coverage, register more poor and vulnerable people, and ensure the prompt processing and payment of claims for primary health care (PHC) providers.  The PHCs comprise the community-based health planning services (CHPS) compounds, health centres and maternity homes under the Primary Health Care Improvement. Dubbed Programme for Results (PforR), the amount was provided by the World Bank with some support from the other donors under the umbrella funding group called Global Financing Facility. A health economist with the World Bank, Enoch Oti Ag...
World Bank supports Ghana to modernize, diversify its tree crops sector

World Bank supports Ghana to modernize, diversify its tree crops sector

Ghana News, World News
The Government of Ghana has received approval for $200 million financing from the International Development Association (IDA) for the Ghana Tree Crop Diversification Project (TCDP) to diversify and grow its economy through modernizing agriculture to accelerate productivity, resilience, and industrialization. This financing will directly benefit 12,800 cocoa farmers and 39,975 cashew, coconut, and rubber farmers, and their households. An additional 20,000 jobs are expected to be created in downstream value addition by mobilizing private capital. Nearly 40 percent of on-farm beneficiaries will be women. While Ghana’s tree crops sector plays an enormous role in agriculture and the economy, the sector can contribute more substantially to Ghana’s economy and society than it currently doe...
Ghana should have signed up for Debt Service Suspension Initiative – World Bank President

Ghana should have signed up for Debt Service Suspension Initiative – World Bank President

Ghana News, International
The World Bank Group President, David Malpass, has expressed disappointment over Ghana and Nigeria’s decision not to sign up for the Debt Service Suspension Initiative (DSSI). Established in May 2020, the DSSI expired at the end of December 2021. The DSSI, put together by the International Monetary Fund (IMF) and World Bank offered countries an opportunity to freeze debt servicing, whiles they concentrate on using their minimum funds to deal with other commitments. Mr. Malpass was responding to questions at a programme in Washington DC, on suggestions that the Bretton Wood institutions are not doing enough to help cancel the debts of some African countries in distress. But reacting to the question, he pointed out that Ghana and Nigeria failed to apply for the DSSI, which would...
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