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GHANA: Debt talk failure will postpone final deal
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DOI: 10.1108/OXAN-ES286464
ISSN: 2633-304X
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This follows a January agreement with official creditors, who are owed approximately USD5.4bn. That allowed the country to receive the second disbursement of USD600mn from the IMF…
INTERNATIONAL: Cocoa prices will rise fast in 2024-25
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DOI: 10.1108/OXAN-ES285153
ISSN: 2633-304X
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If it cannot pay or reach a bondholder deal within a 14-day grace period, it would become the third African country to default since 2020. These defaults reflect a broader…
The identity of the gunmen remains unknown but the ambush reflects a pattern of violence targeting market traders related to an escalating ethnic conflict in Bawku between the…
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DOI: 10.1108/OXAN-DB282305
ISSN: 2633-304X
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GHANA: Bawumia faces uphill struggle for presidency
This follows IMF Executive Board approval, on May 17, of a 36-month USD3bn Extended Credit Facility (ECF) aimed at addressing the country’s debt crisis. This was followed…
The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…
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DOI: 10.1108/OXAN-DB280137
ISSN: 2633-304X
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The currency has fallen nearly 40% against the dollar since January, making it the world’s second worst-performing currency after the Sri Lankan rupee. This reflects a range of…
WEST AFRICA: Cocoa cartel may increase grower leverage