Nearly GH₵24bn of 2026 Q1 budget left unspent as revenue shrinks by GH₵2.7bn – Finance Ministry data
Government left GH₵24 billion of its first-quarter 2026 budget unspent and collected GH₵2.7 billion less revenue than it had targeted, […]
Currencies
Nigeria’s foreign trade surplus jumps 341% to N7.55 trillion in Q1 2026
Nigeria’s merchandise trade surplus surged to N7.55 trillion in the first quarter of 2026, representing a 340.88% increase from the
BoG mops up GH₵11.28bn through 14-day bill auction
The Bank of Ghana has withdrawn GHS 11.28 billion from the financial system through its latest 14-day bill auction, underscoring
Benin strengthen laws to combat production of fake bank notes
Lawmakers in Benin have unanimously adopted a reform which strengthens the fight against fake banknotes. It also increases penalties against
Cedi depreciates by 8.4% against the dollar in first five months of 2026
The Ghana cedi lost 8.4% of its value against the US dollar during the first five months of 2026, according
Mozambique considers converting China debt to yuan amid rising default risk
Mozambique is exploring a plan to convert roughly $1.4 billion of its debt owed to China into yuan-based loans as
Forex traders blame fiscal indiscipline, budget overlap as naira volatility worsens
Forex traders have attributed the worsening volatility of the naira at the parallel market to fiscal indiscipline and overlapping budget
World Bank and Citi launch $98m rand facility to strengthen local currency financing in South Africa.
A new 1.6 billion rand ($98 million) financing arrangement has been introduced by the World Bank Group and Citigroup to
The South African rand and Nigerian naira surge against the dollar
The South African rand and Nigerian naira have been listed among global currencies that recorded solid appreciation against the United
Bank of Ghana’s $1.3bn profit from gold sale could help narrow 2025 losses
The Bank of Ghana (BoG)’s decision to sell more than half of its gold reserves in November & December 2025