Accra Based Databank News Today

MONEYWEB app instead? Infections driven by the highly transmissible delta variant threatens to choke off lackluster economic recoveries. By Prinesha Naidoo, Bloomberg 19 Jul 2021  06:48  Image: Adetona Omokanye/Bloomberg Central bankers in six sub-Saharan African countries are likely to leave borrowing costs unchanged over coming weeks as a resurgence of coronavirus infections driven by the highly transmissible delta variant threatens to choke off lackluster economic recoveries. Since mon...

Since monetary policy committees in some of the region’s key nations last met, temporary restrictions on movement were imposed in western Kenya in a bid to avoid a catastrophic fourth wave of infections. In South Africa, the reintroduction of strict lockdown measures and deadly riots have emerged as key risks to economic growth.Higher oil prices may bolster economic growth in Nigeria, the continent’s top crude producer. But the increased cost of imported refined fuel will also stoke c...