Ghana ‘facing severe economic crisis’, forced to turn to IMF
Formerly praised for its stability and good governance, Ghana has been facing a severe economic crisis since the onset of…
Kenya’s government is struggling even to pay its ministers – Report
Ministers, legislators, and civil servants are yet to receive their March salaries. Most county government (local government) employees and some…
Ghana’s inflation soars as IMF deal drags on
The West African nation is facing one of its worst economic crises in decades. Soaring inflation is compounding the sufferings…
2023 will be tougher for the global economy than 2022 – IMF chief
The head of International Monetary Fund (IMF), Kristalina Georgieva has said that 2023 will be a tougher year for the…
Ghana’s inflation hits 40.4% in October
Ghana’s inflation figure jumped to a 40.4 percent high in October compared to 37.2 percent last month. This was revealed…
Surprise as Nigeria emerges 31st biggest economy world-wide, beats UAE, S/Africa, Denmark, Singapore, others
Retains position as biggest economy in Africa In a surprising development, a recent study by Visual Capitalist has ranked Nigeria…
Countries with the highest debt default risk in 2022
• Nigeria performs better than Ghana, Kenya, South Africa, Egypt Lebanon, Sri Lanka, Russia, Suriname and Zambia are already in…
Global economy in worst shape since WWII — IMF
• The head of the fund blames Covid, the Russia-Ukraine conflict and climate change for sluggish growth and rising inflation…
‘The damage is done’: Russians face economic point of no return Shoppers and business people express despair and disillusion as sanctions cause run on rouble
As markets opened in a panic on Monday, many Russians rushed to local cashpoints in Moscow to retrieve their savings…
Russia’s foreign exchange reserves reach record $600 billion
Russia’s gold and foreign currency holdings hit a record high of $600.9 billion after a gain of more than 1%…