May 19, 2023/IMFBlog On 17 May, the IMF announced that its Executive Board approved the long-awaited USD3.00 billion 3-year Extended Credit Facility (ECF) for Ghana. We note that the approval comes after the Ghanaian government met all the pre-conditions and requirements, particularly receiving financial assurances from its bilateral creditors, including […]
OPINION/EDITORIAL
Bullish Sentiment Is Building In Oil Markets
May 19, 2023/OilPrice.com Michael Kern Editor, Oilprice.com While it may still be too early to say if sentiment in oil markets has completely shifted, signs that the U.S. will avoid a default and that oil markets are beginning to tighten have put oil prices on course for their first weekly gain […]
FX Shortages Continue to Weaken the Naira
May 19, 2023/CSL Research The Naira fell to N465.13/US$ (the biggest drop since 29 December 2023) at the I&E window this week as the country continues to battle FX shortages amidst growing demand. The Naira has fallen to low levels in the past weeks, amidst the ongoing dollar scarcity. Nigeria […]
