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Latest articles in Ghana

African FX volatility muted, SA seen hiking rates by 25bps next week

In the commodity market, gold bears were put to the sword overnight as a weaker dollar and geopolitical tensions around Ukraine boosted the metals safe haven appeal. A report from the Ghana Statistical Service showed that producer inflation in the mi...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 20 January 2022

ETM's FX risk barometer points to more tough times for the Ghanaian Cedi

The spotlight remains on oil this morning. Morocco: Data from Morocco’s central banked showed that the country’s foreign exchange reserves rose to $37.05bn by January 7, a 6.8% rise on a year-on-year basis. In a report published on Monday, global cre...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 18 January 2022

Fitch downgrades Ghana, oil hits a 7-year high

Commodities are in focus this morning. Equally faith in the longer term strength of the dollar is fading and this could well underpin the yellow metal going forward. Specifically, tax income in the six months through December grew by nearly a third t...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 17 January 2022
Flash Report / Global

Pan-African payment system launches to support the AfCFTA

Roughly one year after the African Continental Free Trade Area (AfCFTA) came into effect, the African Export-Import Bank (Afreximbank) and the AfCFTA Secretariat commercially launched a pan-African payment and settlement system (PAPSS) for intra-Afri...
Tellimer Research Busola
Busola Jeje @ Tellimer Research 17 January 2022
Pan-African payment system launches to support the AfCFTA
Pan-African payment system launches to support the AfCFTA

Debt refinancing in the Eurobond market unlikely to be an option for Ghana

Today will be a heavy data day that will offer more current perspective on the state of the economy on both the consumption and production side through the release of the advanced retail sales, industrial production and the Michigan sentiment data. H...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 14 January 2022

USD overvalued by 15-20%, interest in crypto in Africa continues to grow

In the commodity space, oil prices are steady this morning after continuing with their new year rally yesterday. Note, the World Bank forecasts that crude oil prices will average $74 per barrel in 2022 as oil demand strengthens and reaches pre-pandem...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 13 January 2022