Africa’s largest refinery cuts petrol unit by 34% as exports slump
Nigeria’s Dangote refinery has reduced operating rates at its main gasoline-producing unit by 34% since May 21, raising concerns about
Economy
IMF approves $250 million credit facility for Rwanda to offset pressure of Mid-East war
The International Monetary Fund says it’s approved a new $250 million extended credit facility for Rwanda. The 38-month programme is
BoG absorbs GH¢17.2bn in liquidity amid inflation fight, FX stability
The Bank of Ghana absorbed GH¢17.24 billion from the banking system through a sale of 14-day bills, signalling its determination
Rwanda secures approval for $250 million IMF package as Middle East conflict threatens economic growth
Rwanda has secured official approval for a new $250 million financing package from the International Monetary Fund (IMF), providing a
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
Fitch lifts South Africa rating in first upgrade in two decades
Fitch Ratings raised South Africa’s credit rating on Friday, citing stronger fiscal discipline and lower-than-expected debt, marking its first upgrade
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The Bank of Ghana has withdrawn GHS 11.28 billion from the financial system through its latest 14-day bill auction, underscoring
Fuel relief rollback, transport fares may test Ghana’s inflation gains in June
Ghana’s inflation outlook for June is facing fresh upside risks after the partial withdrawal of government’s fuel price relief programme,
Bank of Ghana denies reports it is considering sale of new US$260 million headquarters
The Bank of Ghana has strongly denied reports that it is considering the sale of its newly commissioned headquarters, describing