With the British economy showing feeble signs of resilience and a new central bank governor waiting in the wings, the Bank of England decided on Thursday to keep its benchmark interest rate and its economic stimulus program unchanged. The central bank left its interest rate at 0.5 percent, a record […]

Ghana’s economy expanded 7.1 percent last year, led by faster growth in banking and insurance services, while inflation soared as the currency continues to slide. Banking and insurance surged 23.2 percent, boosting overall growth in services to 8.9 percent, Philomena Nyarko, an official at the Ghana Statistical Service, told reporters […]

The International Monetary Fund urged nations to cut budget deficits, saying deflationary concerns, weak growth prospects and rising borrowing costs threaten to undermine fiscal balances. While Europe is most exposed to the risk of a sustained period of ultra-low inflation, the U.S. Federal Reserve also saw its preferred gauge of […]