Ghana
Ghana’s dormant TOR refinery to restart crude operations by October-end
Ghana has long struggled to translate its crude output into refined fuel security. Successive governments have pledged to revive TOR, which has faced years of debt, mismanagement, and technical breakdowns.
EBRD sees 4.7% growth in six sub-Saharan African economies in 2025, warns of sharp divergence
EBRD projects six sub-Saharan African economies to grow 4.7% in 2025, led by Benin and Côte d’Ivoire, while Nigeria and Ghana struggle with high inflation and Senegal enters a hydrocarbon boom.
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Ghana’s cocoa board COCOBOD pays $166mn coupon in first payout since debt swap
The coupon payments mark the first settlement since COCOBOD converted short-term cocoa bills into longer-term bonds under the government’s Domestic Debt Exchange Programme (DDEP).
UK-based energy think tank Ember reports record growth in solar panel imports across Africa
Imports of solar panels from China into Africa have surged dramatically over the past year, pointing to the start of a transformation in how the continent generates electricity.
Japan denies giving away city to Tanzania amid immigration panic
Japan’s government quickly dispelled claims that it was handing over control of a city to Tanzania, after misinformation surrounding a cultural exchange programme triggered a xenophobic backlash.
More than 20 African countries exploring potential of nuclear energy – IAEA report
African countries are working to expand electricity access and production, with many turning to nuclear power to boost energy security, cut emissions, and improve reliability and sustainability.
Ghana think tank demands answers over minister, central bank rift on gold-for-oil scheme
Ghana’s flagship Gold-for-Oil (G4O) scheme, which aimed to cut demand for US dollars to import fuel, was launched in response to a spiralling foreign exchange crisis and surging inflation.
Canada’s Asante Gold secures $172mn in equity to fund Ghana mine expansion
Canada’s Asante Gold Corp. said it has received the net proceeds from its C$237mn ($172mn) equity offering, marking a key step in a $500mn financing plan to expand its mining operations in Ghana.
Ghana launches gold coin to bolster savings and monetary policy
The Ghana Gold Coin is designed as a hedge against inflation, a store of value during currency swings, and an alternative to volatile equities or bonds.
Ghanaian ministers of defence, environment die in helicopter crash along with six others
Ghana's ministers of defence and environment died in a military helicopter crash on August 6, along with six other people, as they travelled to an event related to the ongoing battle against widespread illegal gold mining.
Nigeria-Morocco Gas Pipeline project advances towards construction phase
The $25bn Nigeria-Morocco Gas Pipeline (NMGP) project is nearing the start of its construction phase. The 6,000-kilometre infrastructure initiative has gained momentum following high-level meetings in Rabat in July.