IMF Warns of Mounting Economic Pressures for Sub-Saharan Africa Amid Global Instability
The latest World Economic Outlook from the International Monetary Fund paints a sobering picture for Sub-Saharan Africa, as escalating conflict
Economy
IMF signals rate hikes risk as Middle East tensions trigger inflation pressures
The International Monetary Fund (IMF) has signalled that central banks may be forced to resume interest rate hikes if inflation
Oil tops $100 as Hormuz tensions escalate; Ghana relief at risk
Global crude oil prices have climbed above $100 per barrel following fresh geopolitical tensions linked to U.S President Donald Trump
Gov’t could lose nearly GH¢500m a month for every GH¢1 cut from fuel taxes
Cabinet has directed the suspension of some taxes, levies and margins on petroleum products in response to rising crude prices
Moody’s upgrades Ghana’s outlook to positive, affirms Caa1 rating
Credit ratings agency, Moody’s has revised Ghana’s outlook to “positive” from “stable,” pointing to improving public finances as the country
Ghana less exposed to global oil disruptions — Fitch
Ghana’s energy security is expected to remain stable despite global oil market tensions, supported by the resumption of operations at
Madagascar’s President announces a state of emergency due to fuel supply shortages
Madagascar has announced a state of emergency in response to mounting concerns over the country’s energy supply. President Randrianirina signed
Senegalese citizens protest over inflation and the country’s debt problems.
Hundreds of laborers, union members, and opposition activists took to the streets of Dakar on Wednesday to voice frustration over
World Bank projects 4.8% growth for Ghana, 9% inflation by end-2026
The World Bank projects 4.8% growth for Ghana in 2026, alongside an end-of-year inflation rate of 9%. These forecasts were
Tanzania directs government officials to use buses as fuel crisis worsens.
Amid rising global energy tensions caused by the conflict in the Middle East, several nations have adopted measures to conserve