Ghana 28.10.2024

• Despite a report earlier in the day from Reuters, Ghana rejects that jihadis are finding refuge in the north of the country. "The ministry strongly rejects the portrayal of Ghana as a 'supply line' for militants. Ghana's counter-terrorism efforts are rightly commended by her partners in the relentless regional and global fight against terrorism," https://www.reuters.com/world/africa/ghana-rejects-reuters-report-jihadis-finding-refuge-its-north-2024-10-26/

• Presidential election campaigns are heating up ahead of the election in December. https://www.dw.com/en/ghanas-presidential-race-candidates-intensify-campaigns/a-70583583

• The IMF have revised Ghana's growth rate for 2024. Previously, they had set the rate of growth at 3%, it has now increased to 4%. https://dailyguidenetwork.com/imf-predicts-4-growth-rate-for-ghanas-economy/

• Ghana has signed a financial package with the World Bank to help address its energy sector. The package includes a $250mn credit and a $10mn grant. https://thebftonline.com/2024/10/28/ghana-world-bank-ink-us260-million-deal-for-energy-sector-reforms/

• The IMF board will review Ghana’s programme on 2ndDecember. If the review is successful, the government will receive its next $360mn tranche. https://www.myjoyonline.com/imf-board-to-review-ghanas-programme-for-360m-disbursement-on-dec-2/

• The IMF have said that Ghana is expected to record an average inflation of 19.5% in 2024. It has also been noted that inflation is expected to be 11.5% in 2025. https://www.myjoyonline.com/ghana-to-record-end-year-inflation-of-15-0-in-2024-imf/