Ghana’s new central bank governor has suspended the country’s program of using gold to pay for oil and expressed confidence that the cedi will stabilize following last year’s volatility. Ghana’s new central bank governor has suspended the gold-for-oil program. Bank of Ghana governor aims to stabilize the cedi and maintain appropriate monetary policy stance. Interest…
Without a coastline, African landlocked countries rely on their neighbours to move goods in and out, which isn’t cheap or easy. Business Insider Africa presents the top 5 largest landlocked countries in Africa. Africa has the largest number of landlocked countries among other continents. Long transport routes, delays at borders, and high fees make trade…
The Economic Community of West African States (ECOWAS) recently detailed its discourse with one of its member states, Guinea-Bissau, via a press-release. ECOWAS had a dispute with Guinea-Bissau over the conduct of the upcoming elections. The delegation was threatened with expulsion by Guinea-Bissau’s president, Umaro Sissoco Embalo. The mission departed on 1st March but intends…
Africa is fast developing as a prevailing player in the global oil market, with 2024 being a watershed moment in the continent’s hydrocarbon exploration. Africa accounts for 35% of all new oil finds in 2024, up from 7% in 2023. 60% of new oil finds in Africa were in frontier and immature basins. The Orange…
After President Donald Trump implemented a humanitarian aid freeze during his administration, several countries followed suit by reducing or halting humanitarian funding. Numerous countries followed the U.S. by reducing or halting humanitarian funding The countries which include the UK, Netherland, and Switzerland, have announced significant cuts in their overseas aid budgets Global health programs combating…
