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On the commodity boom in Africa

08 September 2022: A dire picture is beginning to emerge across the African continent, most notably for countries with large oil and food-heavy import bills. Many African countries are surprisingly ill-equipped to benefit from the commodities boom, and some experience heavy fiscal bleed via fuel and food subsidies to alleviate…

Ghana s inflation hits record high amid surging commodity prices

Rising commodity prices pushed Ghana's inflation rate to more than a 12-year record high in March, according to data released by the Ghana Statistical Service Wednesday. Government Statistician Samuel Kobina Annim told the media that the inflation rate for March increased 3.7 percentage points to 19.4 percent from 15.7 percent…

Rwanda moves to keep commodity prices stable amid external uncertainties

Rwanda will put in much effort to curb rising commodity prices and heighten regular crackdown on the hoarding and speculation of commodities, Rwandan Prime Minister Edouard Ngirente said Wednesday at a press conference in the Rwandan capital city Kigali. Ngirente said that the government of Rwanda will act to address…

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