Economics
“Unrest Sweeps France: Protests and Riots Erupt Following Fatal Police Shooting”
In a scene reminiscent of the French Revolution and the iconic tale of Les Misérables, France finds itself engulfed in a wave of protests and riots following the fatal police shooting of 17-year-old Nahel. The incident, which took place during a routine traffic stop near Paris, has ignited widespread anger and frustration over the issue…
UMB’s Overview of Ghana’s Extended Credit Facility with the International Monetary Fund.
As part of Ghana’s economic recovery process, the Government of Ghana sought the assistance of the International Monetary Fund (IMF) on September 26, 2022, for a 36-month Extended Credit Facility Program worth USD 3 billion. Following extensive stakeholder engagements, the IMF board approved the disbursement of the first tranche amounting to USD 600 million on…
GHANA’S ECONOMY SHOWS RESILIENCE DESPITE SETBACKS FROM THE COVID-19 PANDEMIC AND INCREASING CORRUPTION
Ghana’s economy has been experiencing steady growth over the past decade, with an average growth rate of around 7% per year. However, the COVID-19 pandemic has caused setbacks in the country’s growth trajectory. Alongside the pandemic, significant corruption by the current heads of state and the inability to keep the central bank separate from the…
RWANDA REPAYS $400 MILLION EUROBOND DESPITE ECONOMIC PRESSURES
Rwanda has faced multiple pressures on her finances brought on by ongoing global shocks linked to the prolonged impact of the Covid-19 pandemic, the war in Ukraine, and the appreciation of the US dollar. However, this did not deter the East African Nation from successfully repaying its $400 million Eurobond. According to information obtained by…