Ghana’s currency has recorded its first full-year gain against the U.S. dollar in more than 30 years, buoyed by surging gold prices, rising reserves, and a weakening greenback. Ghana’s cedi has achieved its first annual appreciation in over 30 years, increasing by approximately 41% in 2023. The strength of the cedi is attributed to high…
Somaliland has strongly rejected claims that it struck a secret military or political deal with Israel in exchange for diplomatic recognition, pushing back against allegations that the self-declared republic had offered Israeli basing rights or agreed to the resettlement of Palestinians on its territory. Somaliland has rebutted claims that it engaged in a covert agreement…
As 2026 begins, several African countries remain in the global financial spotlight due to elevated debt burdens, macroeconomic fragility, and ongoing negotiations with major international lenders alongside increased scrutiny from the Financial Action Task Force (FATF). The FATF issued a grey list categorizing countries with strategic deficiencies in anti-money laundering and terrorism financing measures. Eight…
