Ghana, the world's second-largest cocoa producer, expects its cocoa output to decline by at least 16% during the 2026-27 season, raising concerns over global cocoa supplies.
According to the Ghana Cocoa Board (COCOBOD), the projected decline is driven by adverse weather conditions, crop diseases, and aging cocoa plantations, all of which...
Published on Jul 31, 2026
The Ghanaian government has allocated 5 billion cedis (approximately $429 million) in its revised 2026 budget to finance gold purchases through the Ghana Gold Board (GoldBod), as part of efforts to boost foreign exchange reserves and support the stability of the national currency, the cedi.
The initiative aims to expand the state’s...
Published on Jul 29, 2026
The International Monetary Fund (IMF) has approved a final disbursement of $371 million to Ghana, bringing the country’s $3 billion support programme launched in May 2023 to a close, while approving a new 36-month Policy Coordination Instrument to support the government’s next phase of economic reforms.
The final payment mark...
Published on Jul 28, 2026
Ghana and Morocco have signed 11 cooperation agreements aimed at expanding economic ties and strengthening collaboration across key sectors, including aviation, customs, education, mining, energy and scientific research.
The agreements mark a new step in the strategic partnership between the two countries, as both governments seek to inc...
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Ghana has secured $1.7 billion to finance the construction of the Accra-Kumasi Expressway, one of the country’s largest infrastructure projects under the government’s “Big Push” programme.
The funds have been mobilized to support the development of the 176-kilometre highway, a strategic transport corridor connecti...
Published on Jul 27, 2026
Dangote Petroleum Refinery has resumed selling petrol in Nigerian naira after briefly switching to dollar-based pricing, highlighting ongoing challenges in securing sufficient crude supplies for Africa’s largest refinery.
The refinery returned to naira-denominated fuel sales on July 23, but increased its ex-depot petrol price to 1,...
Published on Jul 27, 2026
South Africa expects to save around $91 million by strengthening oversight of its social grant system, as the government intensifies efforts to eliminate fraud, duplicate payments and benefits paid to ineligible recipients amid mounting fiscal pressures.
The planned savings, equivalent to approximately 1.5 billion rand, will be achieved...
Published on Jul 24, 2026
ABUJA, Nigeria — Nigeria has awarded 37 oil and gas blocks to 31 companies under its 2025 licensing round, signaling renewed investor interest in Africa's largest oil producer as the government pushes ahead with reforms aimed at revitalizing its upstream energy sector.
The awards conclude an eight-month bidding process organized by...
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Ghana has launched a new phase in its 5G rollout strategy by opening the market for mobile spectrum licences, aiming to attract more investment and accelerate access to high-speed mobile internet across the country.
The National Communications Authority (NCA) has opened a competitive licensing process for portions of mobile spectrum that...
Published on Jul 20, 2026
The United States will reorganize its visa processing system in Africa from August 1, 2026, consolidating services into a network of regional centers aimed at creating more consistent procedures and improving the efficiency of consular operations.
Under the new system, visa applications from several African countries will be handled thro...
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Ghana has begun construction of a modern 24-hour market in Juapong, a town in the Volta Region, as part of a broader strategy to expand local commerce, support small businesses and create new economic opportunities.
The project, launched under the government’s “24-Hour Economy” initiative, is designed to transform Juapo...
Published on Jul 17, 2026
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