Ghana and Nigeria — Economy News Roundup

GHANA- New figures from the Finance Ministry show that the debt increased marginally to 93 billion Ghana cedis as at November 2015 from 92 billion Ghana cedis in August 2015. READ MORE…

GHANA- The Minister of Finance, Seth Terkper, has said the medium term growth and economic prospects look bright and the fiscal consolidation programme being pursued by government is yielding positive results. READ MORE…

NIGERIA- The Central Bank of Nigeria (CBN) has put the value of its development finance interventions across the country at about N1.36 trillion. READ MORE…

NIGERIA- Funds transferred to the Treasury Single Account (TSA) domiciled with the Central Bank of Nigeria (CBN) may reduce the level of borrowings to fund the gap in the 2016 budget. READ MORE…

NIGERIA- Nigeria’s interbank lending rate jumped to 2 percent on Tuesday from 1 percent on Monday after the central bank directed commercial lenders to fund their naira accounts to enable them take part in its forex intervention on Thursday. READ MORE…