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Business News of Wednesday, 11 March 2009

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World Bank to speed $250 mln payments to Ghana

The World Bank has agreed to speed up payments worth $250 million to Ghana to help it cope with the international financial crisis, the bank's representative said on Wednesday.

"The World Bank has agreed with Ghana to front-load $250 million to the government out of Ghana's allocation from the Bank, to enable it to cushion the effects of the crisis," Ishac Diwan, the World Bank's resident representative in Ghana.