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Ghana to record end-year inflation of 15.0% in 2024 – IMF

Ghana to record end-year inflation of 15.0% in 2024 – IMF

Ghana is expected to record an average inflation of 19.5% in 2024, the International Monetary Fund (IMF) has revealed. In its World Economic Outlook, it also predicted an end-year inflation of 15% for the country.

Technology
Tech Innovations Transforming the Finance Industry

Tech Innovations Transforming the Finance Industry

Just like any other industry, the financial world is different today than it was a few years ago because of new types of technology. Therefore, keeping up in the finance industry means keeping up with

Business
Mastercard expands platform to help fintechs launch card programmes

Mastercard expands platform to help fintechs launch card programmes

Mastercard has brought its Product Express platform to a host of new markets, including Africa, to enable fintechs to roll out a card program in a matter of days. Product Express, which was first launched

Business
Stanbic Bank Champions SME Growth through Digital Technology

Stanbic Bank Champions SME Growth through Digital Technology

Head of Business Enablement at Stanbic Bank Ghana, Marian Amartey, has reaffirmed the bank’s dedication to fostering growth for small and medium-sized enterprises (SMEs) via digital technology. Speaking at the recent Stanbic X-Space event on

Business
Tanzania-Uganda Oil Project Faces Financing Hurdles

Tanzania-Uganda Oil Project Faces Financing Hurdles

It was recently revealed that the EACOP project is currently facing debt financing issues, prompting its stakeholders, including TotalEnergies and CNOOC, to infuse more cash into the oil venture. The East African Crude Oil Pipeline

Business
Morocco Aims to Loosen Currency Peg to Euro-Dollar in 2026

Morocco Aims to Loosen Currency Peg to Euro-Dollar in 2026

Morocco aims to loosen the kingdom’s exchange rate regime in 2026, returning to a gradual reform process that was halted during the pandemic, the central bank governor said in an interview. The step will consist

Business
Oil Majors Return to Libya After a Decade Away

Oil Majors Return to Libya After a Decade Away

BP and Eni have returned to Libya after ten years of avoiding the country amid its civil war. Per a statement by the National Oil Corporation of Libya, Italy’s Eni resumed exploratory drilling in the Ghadames Basin

Business
IMF Chief Commends Ghana’s Progress on Debt Restructuring

IMF Chief Commends Ghana’s Progress on Debt Restructuring

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has praised Ghana’s headway in restructuring its debt and its achievement of a Staff-Level Agreement on the third review of the ongoing US$3 billion

Business
Kenya: Afreximbank Commits $350,000 in Investments at CANEX WKND 2024

Kenya: Afreximbank Commits $350,000 in Investments at CANEX WKND 2024

African Export-Import Bank (Afreximbank) has announced a commitment of $350,000 (approximately Ksh45 million) in investments to three top creative entrepreneurs during a pitch session at the recently concluded CANEX WKND 2024 in Algiers. The event,

Business
Nigeria Lost $8 Billion to Forex Subsidy in Three Years – World Bank

Nigeria Lost $8 Billion to Forex Subsidy in Three Years – World Bank

The World Bank says Nigeria’s government lost N13.2 trillion because of how it managed foreign exchange between 2021 and 2023. The losses broke down like this: N2 trillion in 2021, N6.2 trillion in 2022, and