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Ghana’s President Nana Akufo-Addo is optimistic that the debt-ridden country will reach a bailout deal with the International Monetary Fund by the end of the month. Speaking at a gathering of ambassadors and high-level officials, Akufo-Addo said: “I’m confident that with ...

Germany’s Finance Minister Singles Out China in Debt Relief Appeal for Ghana

German Finance Minister Christian Lindner is the latest high-ranking Western official to pressure China to do more to help relieve the burgeoning debt crisis in a growing number of African countries. "I remind China of its responsibilities as a very important ...

Galamsey Queen Update: Ghana’s President Digs the Hole Deeper

Ghana's President Nana Akufo-Addo has poured gasoline on the controversy around the recent re-arrest of En (aka Aisha) Huang, a Chinese national accused of returning to Ghana to engage in illegal gold mining despite being deported four years ago for similar crimes.  The ...

China’s Role in Ghana’s Ballooning Economic Crisis

Ghana's main opposition leader John Mahama issued a dire warning on Monday that the country risks becoming the next African country to default on its debt unless "drastic" measures are taken to stabilize the economy. Mahama, who himself is a former President and ...

Ghana President Akufo-Addo Calls For the Cancellation of All African Debts

Ghanaian President Nana Addo Dankwa Akufo-Addo issued an urgent call for immediate economic relief, including the total cancellation of all debts owed by African countries, during his address on Tuesday at the Summit on Financing African Economies. Without the ‘fiscal room to breathe,’ Africa could truly become ‘the forgotten continent, ...

Analysis from Cobus van Staden

BRICS Announces Numerous New Initiatives

The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...