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On December 7, Ghanaians will elect a new president and parliament, with contenders including former President John Mahama and Vice President Mahamudu Bawumia. Investors are keen to see if the winner will uphold economic reforms and effectively handle Ghana's debt challenges under the existing IMF program. Ghanaians are set to vote on December 7 in a tightly watched election, as key candidates vie to replace President Nana Akufo-Addo. Former president John Mahama and Vice President Mahamudu B ...Read More >
Ethiopian lawmakers have approved a significant budget increase for the 2024/25 fiscal year to address rising costs through subsidies and economic instability. This financial move follows a new IMF program and currency adjustments aimed at facilitating debt restructuring amidst recent adversities. In a decisive move, Ethiopian lawmakers on Tuesday approved a substantial increase in government spending by an additional 581.98 billion Ethiopian birr, equivalent to $4.8 billion, for the 2024/25 ...Read More >
The history of reform episodes, recently reviewed by the IMF, shows that the pace of reform efforts has more than halved since the global financial crisis of 2008-09 It is pertinent that structural reforms come into focus following economic crises, be they local or global. It is no different this time. With a series of crises in the backdrop, starting with a pandemic, then war and sanctions, more armed conflicts, and much else that continue, structural reforms have become critical for enhancing ...Read More >
The G20 under India's presidency vouched for cryptocurrency regulation. Time is running out Donald Trump's Landslide victory in US elections has brought the focus back on cryptocurrencies, which saw their market capitalisation cross $3 trillion. Bitcoin, the biggest, hit an all-time high of $93,000 due to the "Trump Bump". Earlier this year, Trump had reiterated his plan to make the US the "crypto capital" and "Bitcoin superpower" of the world. This new approach of the US administration is als ...Read More >
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