Gold poised for weekly advantage ahead of Fed’s promising rate cut decision.
Traders are now focused on the Fed’s Dec. 17-18 meeting, with markets predicting a 96.4% chance of a 25-basis-point rate cut, according to the CME Group’s FedWatch Tool.
African Commodities
Lawsuit accuses major food companies of promoting ‘addictive’ food to kids
Food described by researchers as “ultra-processed” includes many packaged snack foods, sweets and soft drinks made with substances extracted from whole foods or synthesized artificially.
Oil little changed as IEA excess forecast offsets rate cut optimism
The International Energy Agency (IEA) said it expected the oil market to be comfortably supplied next year, even as it made a slight upward revision to its demand outlook for next
Rising commodity prices significantly boosted government revenues across Africa in 2022.
Higher commodity prices boosted non-tax revenues, which averaged 6.2% of GDP in the 35 countries with available data, an increase of 0.4 p.p. from the previous year.
Top 5 African countries with the lowest grocery prices at the end of 2024
Low pricing can help close the gap between scarcity and abundance in areas where food insecurity is still a major problem, lowering hunger and promoting residents’ physical and mental health.
COPEC Predicts Slight Fuel Price Reduction in November’s Second Pricing Window
Senegal is set to hold parliamentary elections this weekend, where former presidential rivals Prime Minister Ousmane Sonko and ex-President Macky
Cocoa Producer Price Increased to ₵3,100 per Bag
President Nana Akufo-Addo has announced an increase in the cocoa producer price from GH₵3,000 to GH₵3,100 per 64kg bag, representing
Ghana Earns $840 Million in Oil Revenue in First Half of 2024
Ghana’s crude oil revenue surged by 55.6% in the first half of the year compared to the same period last
Fuel Prices Surge Again: Diesel Hits GH₵14.99, Petrol Now GH₵14.72 Per Litre
Fuel prices are now approaching GH₵15 per litre, a rise that many industry analysts had predicted due to ongoing economic
Anti-Smuggling Taskforce Intercepts 100 Bags of Cocoa in Old Akrade Operation
The Anti-Cocoa Smuggling Taskforce of the Ghana Cocoa Board (COCOBOD), in collaboration with national security, has arrested a driver and