Ghana’s inflation rate hits record low of 7.5% as central bank cuts lending rates
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Ghana’s inflation rate hits record low of 7.5% as central bank cuts lending rates

ByBrian Kithinji

Ghana’s inflation rate dropped to a record low in May, defying targets set by the central bank and economists. Consumer inflation in the West African nation fell to 7.5% from 8.5% in April, Samuel Kobina, Government Statistician told reporters in Accra. Prices climbed 0.8% in the same month. “Last month we saw food inflation was…

South Africa’s business confidence jumps to pre-pandemic levels despite record unemployment
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South Africa’s business confidence jumps to pre-pandemic levels despite record unemployment

ByBrian Kithinji

Business confidence in South Africa skyrocketed to pre-pandemic levels according to a quarterly business confidence index published on Wednesday by Rand Merchant Bank (RMB) unit and Stellenbosch University’s Bureau for Economic Research. The index jumped to 50 in the second quarter, up from 35 in the preceding three months, the highest level since the end…