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World Bank Urges Ghana to Prioritise Concessional Loans Over Costly Domestic Borrowing

The World Bank has advised the Government of Ghana to shift its financing strategy by relying more on concessional external funding—particularly from the International Development Association (IDA)—rather than continuing to depend on high-cost domestic borrowing to fund capital projects. Speaking at the launch of the World Bank’s 2025 Policy Notes: …

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President Mahama Calls for Global Financial Reforms at UN, Highlights Ghana’s Economic Gains

President John Dramani Mahama has urged the international community to overhaul the global financial system, arguing that it remains deeply biased against Africa. Delivering Ghana’s national address at the 80th United Nations General Assembly, President Mahama called for both UN Security Council reform and a reset of the global financial …

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