Ghana’s economy shows signs of improvement, but debt restructuring is crucial — IMF
The global lender reiterated that the country needs to restructure its debt profile to fully enjoy the benefits of the IMF’s bailout.
Ghana
Sub-Saharan African currencies have plunged 8% in one year amidst soaring public debts and global uncertainties: IMF
The depreciation has contributed to rising inflation in the region. Notably, inflationary pressures do not decline when local currencies strengthen against the US dollar, IMF says.
Ghana secures approval for $3 billion IMF loan facility
This comes weeks after Ghana met IMF’s condition of finalizing a zero-finance agreement with the Bank of Ghana.
Why Jack Dorsey’s $30 billion empire is betting big on Africa
During Block's most recent earnings call, CEO Jack Dorsey listed the Global South, which includes Africa, as one of the three trends the company is “focused on.”
Inflation in Africa: Latest data shows worsening figures across the board
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
CBDCs, like the eNaira, are potentially risky, IMF official says
The IMF MD believes retail CBDCs may result in “unforeseeable” results for central banks.
South Africa-based USSD bitcoin transfer service launches in Ghana
The service will allow Ghanaian users without internet access to send and receive bitcoin.