Ghana

Ethiopia and Kenya join Ghana in seeking IMF bailout

The three African countries are requesting loans to restore financial stability, worsened by the covid-19 pandemic and global supply chain crunch.

Jack Dorsey’s Block partners with African crypto exchange Yellow Card

The partnership is to facilitate cross-border payments in Africa based on Block’s infrastructure.

Bank of Ghana delays CBDC launch due to the ‘dislocation of the economy’

The pilot of the project was successful but other factors have been responsible for the silence on the launch.

Inflation in Africa: Many countries continue to witness historically high consumer prices

While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.

IMF tells Ghana to stop borrowing from its central bank: report

The West African country must do this to access the loan it requested from the International Monetary Fund.

60% of African countries recorded lower consumer prices in December

Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.

Bitcoin-powered remittances from Europe to African bank accounts are now possible

African cryptocurrency company Bitnob has partnered with European exchange CoinCorner to facilitate remittances over the Lightning Network.