Africa Chart Pack Financial markets bruised, central banks hawkish Financial markets across Sub-Saharan Africa have struggled – and have underperformed their EM peers – since the global banking sector turmoil erupted. Amid broad risk-off sentiment, African sovereign... 23rd March 2023 · 10 mins read
Africa Economics Weekly Ripples of global banking turmoil in Sub-Saharan Africa Strains in the global banking system have roiled financial markets, but in Sub-Saharan Africa the main impact of the turmoil is likely to feed through via lower commodity prices and tighter external... 17th March 2023 · 8 mins read
Africa Chart Pack Growth faltering in region’s biggest economies While the economic outlook in much of the world has turned less downbeat in recent weeks, the prospects for Sub-Saharan Africa’s two biggest economies have, if anything, got gloomier due to homegrown... 31st January 2023 · 12 mins read
Africa Economics Weekly Debt talks in Zambia and Ghana, SA’s energy crisis Delays to Zambia’s debt restructuring threaten to hold up the country’s IMF deal and add to the signs that the Common Framework isn’t fit for purpose. Elsewhere, Ghana’s government appears to be open... 27th January 2023 · 6 mins read
Africa Economics Weekly What lies in store in 2023, Ghana’s latest debt-move The new year has started with economies in Sub-Saharan Africa bracing for disruptions due to the end of zero-COVID in China and a looming global recession. While these are likely to pass by mid-year... 6th January 2023 · 5 mins read
Africa Economics Weekly 2022 ends with a debt bang 2022 will be a year to forget for many African economies – it was marked by growing balance sheet strains and culminated in Ghana's government opting to default on much of its external debt earlier... 23rd December 2022 · 5 mins read
Africa Chart Pack Regional slowdown underway The performance of African economies diverged early this year, but the latest data provide clearer signs that growth across the region is now slowing. Economic weakness seems most pronounced in Ghana... 20th December 2022 · 10 mins read
Africa Economic Outlook Region’s vulnerabilities crystallising The challenging external backdrop means that growth across Sub-Saharan Africa is likely to slow in 2023, and by much more than most expect. Currencies are likely to weaken and public debt fears will... 19th December 2022 · 3 mins read
Africa Economics Weekly Leadership changes in South Africa? Ghana’s IMF boost South Africa’s president dodged impeachment earlier this week and is likely to be re-elected as leader of the ruling ANC party over the weekend, but the country’s economic challenges have only grown... 16th December 2022 · 5 mins read
Africa Rapid Response Ghana secures $3bn IMF deal The news that Ghana has secured a $3bn staff-level agreement with the IMF will go some way to easing the country’s economic crisis, but the government still needs to clear a number of hurdles to put... 13th December 2022 · 2 mins read
Africa Economics Weekly Conundrum in SA, Nigeria’s cash limits, Ghana’s debt South Africa’s political upheaval took a breather this week but fears about the state electricity company, Eskom, have grown. Problems at Eskom not only pose a threat to economic activity but, if left... 9th December 2022 · 8 mins read
Africa Economics Update Making sense of debt developments in Ghana As the authorities in Ghana take further steps towards a debt restructuring, in this Update we take stock of the latest developments and their economic implications. 7th December 2022 · 5 mins read
Africa Chart Pack Tightening cycles have a bit further to run Most central banks across Sub-Saharan Africa raised interest rates over the past month and, in contrast to many other parts of the emerging world, we think tightening cycles will last a while longer... 29th November 2022 · 11 mins read
Africa Economics Weekly Ghana’s fiscal mess, data & decisions wrap Official statements by the authorities in Ghana signalled commitment to restoring fiscal and debt sustainability, and left little doubt that this will include a sovereign debt restructuring. Meanwhile... 25th November 2022 · 6 mins read
Africa Chart Pack Here comes the slowdown The past month has brought further signs that economies across Sub-Saharan Africa are in the midst of a slowdown. The latest activity data out of South Africa suggest that, after GDP contracted in Q2... 31st October 2022 · 11 mins read
Africa Economic Outlook Storm clouds gathering Sub-Saharan Africa has suffered particularly heavily from the pandemic and then spillovers from the war in Ukraine, and the global recession will only add to the headwinds. Taken together with tight... 27th October 2022 · 24 mins read
