Ghana balance-of-payments deficit hits nearly $2.5 bln in June - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The West African nation has seen runaway inflation hit 29.8% in June

The West African nation has seen runaway inflation hit 29.8% in June, its debt-to-GDP ratio at 78.3%, while its cedi currency has lost nearly a quarter of its value this year. Earlier this month, Ghana’s government averted a planned strike by public sector workers, reaching an agreement with the country’s main labour unions to increase the cost of living allowance by 15%.

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Repo rate increased to 5.5% - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Reserve Bank Governor Lesetja Kganyago has announced that the repo rate is increasing by 75 basis points to 5.5 percent, meaning that the prime lending rate increases to nine percent. This is too much now will end up with nothing in our pockets like seriuosly I now know why Cyril opted for the mattress, we need to save as much as possible. PhalaPhalaFarmGate PhalaPhalaFarmGate pheonixmassacre CR17BankStatements MarikanaMassacre
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