June

As we look toward the future, the Bank of Ghana (BoG) has demonstrated commendable progress in bolstering the nation’s economic foundations. By the end of June 2025, Ghana’s gold reserves had surged to a notable 32.99 tonnes, a significant leap from the 32.16 tonnes recorded just a month prior. This consistent growth underscores Ghana's strategic efforts to shore up its foreign exchange buffers and enhance economic stability. According to the latest statistics from the central bank, Ghana's gold reserves have appreciated…

When you think of iconic national airlines, names like Emirates and Qantas likely spring to mind. Emirates, with its glitzy branding and luxurious services, instantly conjures images of the United Arab Emirates, while Qantas proudly represents the spirit and ambition of Australia. These airlines are more than just airlines; they are symbols of national pride and identity. Yet, in stark contrast to these emblematic carriers, some African countries find themselves without a functional national airline. How does this absence…

In the ever-evolving landscape of global finance, certain currencies can often surprise us—sometimes for the better, sometimes for the worse. Over the past year, we’ve witnessed a notable decline in the value of several currencies, particularly the Egyptian pound and the Nigerian naira. This downturn can be attributed to various factors, including policy missteps, rampant inflation, and an over-reliance on imports. What’s striking is how these economic forces coalesce, often leaving citizens grappling with the real…

As we move deeper into 2025, an increasing number of African nations find themselves grappling with the weight of their financial commitments to the International Monetary Fund (IMF). The road toward fiscal stability seems to be riddled with challenges that threaten both economic and social progress. In countries such as Ghana and Malawi, the solutions offered through IMF-supported programs have often manifested in painful austerity measures. These measures, while intended to stabilize economies in the long run, tend to…

In recent years, there has been a growing conversation about the economic landscape of African nations, particularly those with low diesel prices. While this could easily seem like a matter reserved for economists or policy analysts, the implications stretch far beyond the fuel gauge. Low diesel prices offer a multitude of economic and social benefits that ripple across industries, affecting daily life, commerce, and even food security. One might wonder: how does a dip in diesel prices translate to tangible…

A New Dawn for African Economies For many African nations, the past few years have been tumultuous, marked by soaring inflation, crippling debt, and relentless currency depreciation. However, a glimmer of hope has emerged with recent fluctuations in exchange rates, offering a potential economic reprieve. It prompts us to consider: Could a slight increase in currency value genuinely signal a turning point for these countries? While the economic landscape is uneven, with not every…

In an era where fluctuations in global energy prices can send shockwaves through economies, it's notable that a handful of African nations have successfully shielded their citizens from the brunt of these challenges. As gasoline costs soar in various parts of the continent, it’s imperative to delve into the strategies adopted by these countries to alleviate the pressures on their citizens and economies. The benefits of stabilizing fuel prices extend beyond mere dollars and cents. They possess the potential to…

The Pervasive Impact of Rising Fuel Prices in Africa In a world where connecting goods and services is becoming increasingly essential, one of the most striking consequences of soaring fuel prices is the noticeable spike in transportation and logistics costs. Have you ever stopped to consider how a simple trip to the grocery store resonates throughout the economy? Trucks and long-haul vehicles that carry our essential goods predominantly run on diesel. When diesel prices climb, the ripple effects can be…

The persistent imbalance within Africa’s fuel pricing landscape has left many consumers and businesses disenchanted. Why, despite broader global stability, do fuel prices in various regions of Africa remain disproportionately high? This question echoes through the halls of government buildings, corporate offices, and everyday conversations among citizens. The answers are multifaceted and reveal the complexities of economics on the continent. One of the critical factors driving these high…

Mogadishu (AX) – In a significant step towards democratic progress, Somali President Hassan Sheikh Mohamud hosted a pivotal meeting on Wednesday at the Presidential Palace in Mogadishu. The gathering brought together leaders of registered political parties, all preparing for the National Consultation Forum set for June 15, 2025. This forum is not just a date on the calendar; it represents an essential moment in Somalia's ongoing journey towards electoral reform and democratic governance. The atmosphere at the meeting was a…