EM hard currency sovereign bond issuance dropped to US$8.2bn in July, a fall of 60% compared to June, bringing total issuance YTD to US$131.7bn, based on our calculations using data from Bond Radar. For the year so far, 70% of issuance has been IG an...

At the May Monetary Policy Committee (MPC) meeting in Accra, the Governor of the BoG, Dr Ernest Addison, noted that the 3-week lockdown, which resulted in the absence of physical banking and physical payment systems in the country (as cash transactio...

Ghana’s inflation rate rose to 10.6% in April, 2.8ppts higher than in March. This is the highest rate since the consumer price index (CPI) was rebased in August 2019. The food and non-alcoholic beverages sector (which contributed 59% to the April inf...

On 20 April, Ghana became the first African country to ease lockdown measures (after being in place for three weeks since March) in its two biggest cities, Accra and Kumasi. Schools remain closed and the ban on large gatherings is still in place. 1)F...

Tullow Oil (TLWLN) has sold its Lake Albert Development Project in Uganda, together with the proposed East African Crude Oil Pipeline, to Total for a total cash consideration of US575mn plus first oil contingent payments. Considering existing hedging...

Our recent survey of 150+ fintechs across 20 African markets enabled us to find their product and customer niches, as well as identify theirunique success factors. Fintech companies are increasingly competing with traditional financial services provi...