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Nigeria's biggest refinery runs at full capacity and has cut its gantry prices repeatedly. What it has not settled is the argument at the pump: whether domestic supply can replace imports, and whether cheaper gantry prices mean cheaper petrol for motorists.
The World Bank's Africa Pulse assessment ranked the cedi Africa's worst-performing currency of the second quarter of 2026, down more than 15 percent. The government tells a different story — inflation near 5 percent, public debt down to about 45 percent of GDP, FDI up fourfold. Both cite real numbers; they are measuring different things.
A year on from the FATF's October 2025 plenary, the delisting of Africa's two largest economies still shapes how banks treat their money. The removal itself is documented; the size of the economic prize is the argument.
Ghana created a state board to buy all small-scale gold, and official exports nearly doubled in a year. The government calls it a triumph of formalisation; its own chief executive calls it a claw-back of smuggled gold. Both descriptions matter.
Ghana's Gold Board says it will supply $1.5 billion of foreign exchange in October 2026 — $1 billion to commercial banks and $500 million to the Bank of Ghana — after a $130 million spot sale at GH¢11.60 to the dollar. The Board says the cedi has appreciated for three straight weeks on the interbank market.
World cocoa prices have hit record levels, and Ghana and Côte d'Ivoire — who grow most of the world's cocoa — are arguing over how much of that money reaches the farm gate. Regulators say the share is protected; farmers' groups say it is not arriving.
M-Pesa has grown from a money-transfer service into Safaricom's biggest business. Now Safaricom wants it to hold Kenyans' savings and investments too — a move that puts it directly against the banks.
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GoldBod announced on 22 October 2026 that its October programme will supply $1 billion to authorised commercial banks and $500 million to the Bank of Ghana for reserve accumulation.
From: GoldBod puts $1.5 billion into October's dollar market — and says the cedi is already respondingGoldBod says it sold $130 million on the spot market at GH¢11.60 to the dollar as part of the same intervention.
From: GoldBod puts $1.5 billion into October's dollar market — and says the cedi is already respondingThe interventions are the reason the cedi has appreciated for three consecutive weeks.
From: GoldBod puts $1.5 billion into October's dollar market — and says the cedi is already respondingThe Bank of Ghana's governor has said the central bank at times deliberately allows the cedi to weaken slightly as part of economic management.
From: GoldBod puts $1.5 billion into October's dollar market — and says the cedi is already respondingThe World Bank's Africa Pulse assessment ranked the cedi the worst-performing major African currency of Q2 2026, with a depreciation of over 15 percent between April and June.
From: The cedi argumentGhana Statistical Service figures put inflation at 23.8 percent in December 2024 and 5.4 percent in December 2025, and the rate was 5.0 percent in August 2026.
From: The cedi argumentMinistry of Finance data put public debt at 45.3 percent of GDP at end-2025, while the IMF's programme definition put gross public debt at 48.8 percent.
From: The cedi argumentPresident Mahama said FDI rose from $624 million in 2024 to $2.62 billion in 2025, speaking at the Nestlé Ghana factory in Tema on 8 October 2026.
From: The cedi argumentThe cedi has stabilised.
From: The cedi argumentCocoa futures reached record highs this season.
From: Cocoa is at record prices. Farmers askFarmers receive at least 70% of the world market price.
From: Cocoa is at record prices. Farmers askCocoa smuggling out of Ghana has risen sharply this season.
From: Cocoa is at record prices. Farmers askThe Grand Egyptian Museum opened beside the Giza Plateau on 1 November 2025, displaying King Tutankhamun's complete collection together for the first time. A year on, the museum is a global draw — though Egypt's own official counts of its visitors disagree with each other by millions, and ticket prices rise on 1 November 2026.
Zanzibar received 917,167 international visitors in 2025, up 24.5% on 2024 and the highest total in its history, on official statistics. December alone brought more than 100,000 arrivals. Now operators and officials are debating whether the island should chase a million visitors — or chase higher spending per visitor instead.
The Victoria Falls area received a record combined 565,083 visitors in 2024, passing the pre-pandemic 2019 total, and its airport broke the half-million passenger mark the same year. Growth continued into 2025. Conservation specialists are asking what the ceiling should be for one of the world's great waterfalls.