Ethiopia spends $2.2 billion defending its currency as birr hits a record low, weakest among 23 African currencies
Ethiopia has spent about $2.2 billion this year trying to support its weakening currency, but the intervention has so far […]
Currencies
Ghana rises to sixth-largest gold producer globally after record 2025 output
Ghana has risen to sixth place among the world’s largest gold-producing countries after recording a significant increase in production in
US dollar falls to 10-week low as weak economic data weighs on Fed rate outlook
10-year US Treasury yield drops to around 4.68% after retail sales, employment figures signal softer economic activity The US dollar
Zimbabwe limits gold-buying incentives to $300 million as it weighs the cost of backing its currency
Zimbabwe will cap government spending on its gold-buying incentive scheme at $300 million this year and review the program as
Bank loans alone cannot drive expansion; firms must tap capital markets — ABSA
The Head of Trading, Global Markets at Absa Bank Ghana Limited, Andrews Akoto, has urged businesses in Ghana, particularly those
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,
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The Bank of Ghana has withdrawn GHS 11.28 billion from the financial system through its latest 14-day bill auction, underscoring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