Ghana News Archive
Or: Ghana`s DEPENDENCY on the old COLONIAL POWERS!
Government is asking the European Union (EU) to release some donor funding worth 60 million Euros to support this year’s budget....
Speaking at an EU Business Summit, Mr. Iddrisu said the funds will among others reduce government’s high budget deficit.
The Minister also emphasized the need to secure the fund to address the country’s current economic challenges saying “If we don’t check the current challenges facing the Ghanaian economy, we will be opening it up to more risks, which in itself will be a disincentive to our investments.”
Meanwhile, the board of the World Bank is expected to review a proposal for a 50 million dollar donor support fund to Ghana.
The funding will be used to finance the Ghana Social Opportunities Project. The project is expected to strengthen and expand support through the expansion of the coverage of Livelihood Empowerment against Poverty (LEAP).
The World Bank, last week, gave Ghana a 229 million dollar grant to support two programmes expected to accelerate access to education and health delivery in the country.
73 million dollars of the amount was allocated to the Maternal and Child Health and Nutrition Improvement Project while 156 million dollars was allocated to the Ghana Secondary Education Improvement Project.
The intervention was approved by the Board of Executive Directors of the World Bank Group on May 20, 2014.
"After 57 years of independence, we still go begging to the West for economic assistance to run our budgets.
We prefer self-government with danger to servitude in tranquility ala Nkrumah.
The Blackman is capable of managing/mismanaging his own affairs.
How do we square the sayins of Nkrumah with the dire economy of many African states post independence."
"This is absolutely INSANE. A whole independent country that we claim to be has to wait for DONATION before we run our country?
Ridiculous. When is this dependency going to end? Wake up you visionless leaders!"
Selection of older Ghana news 2007 - Jan 2015
Archive 2007 - 2015