Mahama appoints Prof. Asuming, Henry Wampah, and three others to the Fiscal Council.
President John Dramani Mahama has put forward five nominees to serve on Ghana’s Fiscal Council. The announcement was made on […]
Economy
Oil surge hits Africa, weakening 29 currencies despite ceasefire.
Rising global oil prices, fuelled by tensions in the Middle East, are placing significant strain on African economies, weakening currencies,
Madagascar announces an energy crisis amid fuel shortages triggered by tensions in the Middle East.
Madagascar has announced a 15-day nationwide energy emergency after fuel shortages spread across the country, driven by supply disruptions linked
Ghana discloses a $2.5 billion yearly trade deficit
Elizabeth Ofosu-Adjare, Ghana’s Minister for Trade, Agribusiness and Industry, has revealed that the country loses about $2.5 billion in export
Rising global imbalances cannot be fixed by tariffs – IMF cautions
The International Monetary Fund (IMF) has cautioned that widening global imbalances are being driven by deep-rooted domestic economic factors not
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
US–Iran Strait of Hormuz tensions hit five key sectors, costing Africa heavily.
Shipping interruptions along the Strait of Hormuz are starting to affect African economies, putting pressure on fertiliser availability, industrial supplies
Zambia: Government declares fuel supply situation an emergency
As the war in the Middle East continues to drive up fuel prices, the Zambian government has called the current
BoG indicates that the stability of inflation and the cedi has been secured, though with heavy economic sacrifices.
The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has pointed out the significant cost involved in
Nigeria’s banking sector has completed a $2.95 billion recapitalisation, the largest in 20 years.
Nigeria’s banking sector has completed its recapitalisation, but the Central Bank of Nigeria (CBN) is not resting on its laurels.