• January 27, 2023

New claims of ethnic clashes in central Ethiopia

Witnesses allege that several dozen civilians and fighters have been killed in the new clashes between Ethiopians from Oromo and Amhara groups in the centre of the country. The fighting would …

France recalls envoy to Burkina Faso after expulsion of its forces

France said on Thursday that it was recalling its ambassador from Burkina Faso, a day after agreeing to demands from the ruling junta to pull out troops from the former French …

Libya to sign gas deals with Italy’s Eni – National Oil corporation chief

Libya’s National Oil Corporation said Wednesday (Jan. 25) it had reached an $8-billion deal with Italian energy giant ENI to develop offshore hydrocarbon sites. “We have reached a deal with ENI …

Inflation in Ghana is slowing after peaking at 78,1% in November.

According to data collected by the statistics service, producer price inflation retreated in December reaching now 52,2%.

Last month, consumer price inflation accelerated to 54.1% year-on-year driven by rising fuel, utilities and food costs.

According to experts, the decline in month-on-month producer inflation could represent a positive sign for next month’s headline inflation figure.

Ghana’s troubled cedi currency saw rapid appreciation against the dollar in December after a staff level agreement for a $3 billion IMF support package was reached at the start of that month. It has since fallen back towards record lows.

Leave a Reply

Your email address will not be published. Required fields are marked *