Browsing: Inflation Trends

• Kenya’s Eurobond will positively impact the exchange, inflation, and interest rates.
• Diamond Trust Bank revealed that Kenya’s $1.5 billion Eurobond attracted more than $6 billion in demand.
• Kenya’s $1.5 Billion Eurobond will also be used to offset $2billion Eurobond maturing in June. 

The issuance of Kenya’s $1.5 Billion Eurobond is likely to ease concerns about the debt situation and lift the overall outlook for the country, one of the country’s banking industry players has said.

Diamond Trust Bank revealed that the new $1.5 billion Eurobond, which attracted demand of more than $6 billion, is likely to positively affect the exchange rate, inflation, interest rates, and government spending in the payment of debts and development.

Speaking at DTB’s Economic and Sustainability Forum, the bank’s Group CEO and Managing Director Nasim Devji said the recovery will be felt more in the second half of the year, and the economy will grow …

• Ghana’s economy is showing signs of stabilization, which is attributable to the authorities’ steadfast rollout of its IMF-supported economic program.
• The country’s crises were a result of preexisting vulnerabilities and substantial external shocks.
• Two years ago, elevated fiscal deficits and public debt levels, together with the combined effects of the COVID-19 pandemic, Russia’s war in Ukraine, and global monetary policy tightening, hit the country hard.

Renewed optimism for Ghana’s economy

The International Monetary Fund (IMF) has expressed optimism that Ghana is currently making essential inroads to stabilize its economy as continued program implementation beckons a brighter future.

This after the economy suffered a substantial economic and financial crisis in the better part of 2022 that made the cocoa and gold producers request the IMF support programme.

“Ghana’s crises were as a result of preexisting vulnerabilities and substantial external shocks,” the lender says.

“Two years ago, elevated fiscal deficits …