Economy Archives - Page 37 of 47

Ghana Removes Over 10,000 Illegal Settlers from Subri Forest Reserve to Restore Order and Safety

Over 10,000 illegal settlers have been forcibly removed from the Subri Forest Reserve in Ghana’s Western Region as part of a major operation to reclaim protected lands. Authorities revealed that…

Africa News Now April 21, 2025

ANN West Africa

Burkina Faso Seizes 133 Tons of Drugs in 2024, Prosecutes 522 Individuals

In 2024, Burkina Faso authorities have seized a total of 133 tons of drugs, marking a significant effort in the country's ongoing fight against drug trafficking. The announcement was made…

Africa News Now April 18, 2025

ANN Southern Africa West Africa

Ghana Reclaims Control of Damang Gold Mine as Lease with Abosso Goldfields Expires

The Government of Ghana has formally taken over operations of the Damang Gold Mine in the Western Region, following its decision not to renew the 30-year mining lease granted to…

Africa News Now April 18, 2025

ANN West Africa

IMF Approves $129 Million Emergency Support for Mali Following 2024 Flood Disaster

The International Monetary Fund (IMF) has approved a $129 million disbursement to Mali under its Rapid Credit Facility (RCF), aimed at addressing the country’s urgent economic and humanitarian needs following…

Africa News Now April 17, 2025

ANN West Africa

Sierra Leone Launches Bold Five-Year National Inclusion Strategy with UN and Indian Support

The Sierra Leonean government has unveiled a comprehensive five-year national strategy aimed at fostering social inclusion, protecting vulnerable populations, and strengthening national unity. Announced on Tuesday by Minister of Social…

Africa News Now April 17, 2025

ANN West Africa

Nigeria and Niger Resume Diplomatic Ties, Focus on Security and Trade

Nigeria and Niger have officially resumed diplomatic dialogue following a breakdown in relations after Niger’s 2023 military coup. At a high-level meeting in Abuja on Wednesday, Nigeria’s Foreign Minister Yusuf…

Africa News Now April 17, 2025

ANN Northern Africa

Egypt’s Suez Canal Revenue Plunges Nearly 60% Amid Regional Conflict and Red Sea Attacks

Egypt’s Suez Canal, a critical artery for global maritime trade, saw its revenues plummet by nearly 61% in 2024, with officials attributing the sharp drop to ongoing regional instability and…

Africa News Now April 17, 2025

ANN Central Africa West Africa

IMF Reaches Agreement with Ghana on Fourth Review, Paving Way for $370 Million Disbursement

The International Monetary Fund (IMF) has reached a staff-level agreement with Ghana on the fourth review of its $3 billion Extended Credit Facility (ECF) program. If approved by the IMF…

Africa News Now April 16, 2025

ANN West Africa

BCEAO Ends Special Status for Niger Government Bonds Amid Signs of Financial Stability

The Central Bank of West African States (BCEAO) has officially revoked the special regulatory treatment previously granted to Nigerien government securities. Effective April 3, 2025, these securities will now be…

Africa News Now April 16, 2025

ANN West Africa

Ghana Bans Foreigners from Local Gold Trade with the establishment of the Ghana Gold Board

Ghana has officially banned all foreign nationals from trading in its local gold market, a move aimed at boosting national revenue, curbing illegal mining, and bringing greater regulation to one…

Africa News Now April 16, 2025

ANN West Africa

IMF Approves $143M for Benin Amid Strong Economic Growth and Reform Milestones

The International Monetary Fund (IMF) has approved a $143 million disbursement (approx. 82.52 billion CFA francs) to Benin under its Extended Fund Facility (EFF), Extended Credit Facility (ECF), and Resilience…

Africa News Now April 15, 2025