Still reeling from a bloody conflict, the country’s international reserves can only cover a few days of imports
Economy continued to grow at a moderate pace, but activity was lower in the first quarter of 2016
Once Africa’s economic shining star, Ghana now in the IMF's clutches— and for some, sales are down 90%
Growth in the country, an oil supplier since 2010, is languishing near the slowest pace in 20 years—the result of giddy government spending.
Daily newspaper headlines warn of "Hard times ahead", and even high fliers are taking a hit
Rand meltdown brings junk rating for South Africa closer; could get worse for Africa’s second largest economy
Policy makers are running out of options on how to ease the crisis. Debt has surged to almost 50% of GDP from 26% in 2009 when Zuma came to power
It was a bigger reduction than forecast by seven 20 economists surveyed, while the rest predicted the rate would stay unchanged.
In addition falling copper prices and a power crisis are weighing on the economy.
The spike in interest rates for mortgages, retail and commercial loans sets them up for default, repossession and foreclosures
Angola’s kwanza too has fallen sharply in the past year, and the nation is propping up the exchange rate by spending reserves.
The committee lifted the rate by 150 basis points, the third increase this year.