Ghana
Ghana's gold-buying scheme lost $1.7bn propping up reserves in 2025, IMF says
The losses equalled 1.5% of Ghana's GDP and were almost entirely tied to the central bank's purchases of doré gold under its Gold for Reserves (G4R) initiative.
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Number of people living in each city - OWID
Most of the world’s fastest-growing megacities will soon be in Africa. Many cities across East Asia and Latin America have grown quickly over the last few decades.
Ghana's rural banking sector reaches GHS26bn in assets after 50 years
Ghana's rural banks now hold GHS26bn in assets and serve 8mn customers, 50 years after the first community-owned bank opened at Nyakrom, as the central bank converts the sector into community banks and takes the model into cities.
EBID approves $417mn in West Africa projects, plans to double balance sheet
The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to about $4.4bn to support larger infrastructure financing.
Mega-deals, debt financing and M&A drive African startup funding to $1.44bn in H1 2026
Investors backed fewer African startups in H1 2026 than a year ago, but deals were larger, with electric mobility Spiro leading funding, while M&A activity reached a record high.
Bank of Ghana governor warns Africa's domestic debt boom is shifting risk to lenders
Africa's shift towards domestic borrowing is reducing foreign exchange risk but increasing exposure within national banking systems, BoG Governor Johnson Pandit Asiama says.
Sub-Saharan Africa's green transition could create up to 84.5mn jobs by 2050, report says
Africa's green transition is expected to be driven by decentralised, service-based industries such as clean cooking, off-grid solar, waste recycling and electric mobility.
African countries see SMRs as key to future nuclear development
Small modular reactors are increasingly being seen as the future of nuclear power in Africa, with a growing number of countries viewing the technology as a way to expand electricity access and support long-term economic development.
Algeria, Nigeria offer biggest opportunities in Africa for low-cost methane emissions cuts, report finds
African oil & gas producers can achieve significant methane emissions cuts using existing tech, Carbon Limits says, noting infrastructure, regulation and gas commercialisation prospects will determine the economics of abatement.
AfDB becomes first external shareholder in West Africa's Bank for Investment and Development
The African Development Bank Group has become the first IDI to join the shareholder base of ECOWAS' EBID, committing a $30mn equity investment and a $70mn credit line.
Emirates adds four weekly Dubai-Accra flights as Ghana demand grows
UAE-based Emirates Airlines is set to add four weekly services between Dubai and Accra from July 12 as it continues to boost its Africa connections.
World Bank cuts Sub-Saharan Africa growth forecast as energy shock bites
The World Bank warns that higher energy costs and weaker external demand stemming from the Middle East conflict are outweighing the benefits of structural reforms, stronger commodities prices
Illicit gold networks fuelling conflict, organised crime across Africa and global south, GI-TOC warns
Illicit gold has become a critical source of financing for organised crime, armed groups and sanctioned regimes across Africa, a Global Initiative Against Transnational Organized Crime report finds.
AEC presents African Energy Person of Year 2026 award to Nigeria’s Aliko Dangote
The African Energy Chamber (AEC) has presented the “African Energy Person of the Year” award to Nigerian businessman and industrialist Aliko Dangote, the founder, president and CEO of the Dangote Group.
Russia plans Africa summit in October as Moscow deepens Sahel ties
Russia will hold its latest Russia-Africa summit in October, according to officials involved in preparations for the event, as Moscow seeks to expand political, military and economic influence across Africa.