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Sri Lanka, Pakistan, Ghana back to IMF as economic conditions worsen, 1 Jul

Ghanaians in recent months have been feeling the pinch of record inflation [29%] and the impact of the Russia-Ukraine war amid cuts in government spending to avoid a full-blown debt crisis.
[...]
There was a two-day protest in Accra this week over fuel price hikes, inflation and an economic downturn. The Arise Ghana group said it wanted the government to cancel the Electronic Transaction Levy (E-levy) immediately and also take steps to reduce inflation and arrest the depreciation of the cedi[GHS:USD, EUR] to help bring relief to the Ghanaian people.
2022 Crude Oil Production in Ghana increased to 172 BBL/D in February

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ECOWAS (1972 FTA): BN, BJ, CI, CV, GH, GY, GM, GN, GW, SN, NI, NG, SL, LB, TG

by Cat on Sun Jul 3rd, 2022 at 08:17:08 PM EST
[ Parent ]
Platts launches 15 additional West African [EME] crude oil Market Parity Prices, NG blends reference table
The reference baskets, calculated outright prices, and differentials are normalized to reflect delivery to Northwest Europe [BWAH!], accounting for freight and regional refining input prices. Platts reviews its MPP model annually to ensure it continues to reflect prevailing market conditions and quality of the crude grades.
by Cat on Sun Jul 3rd, 2022 at 08:41:58 PM EST
[ Parent ]
ECOWAS lifts Mali sanctions, agrees on Burkina transition, 3 Jul
West African leaders met in Ghana, Sunday, to review sanctions imposed on three neighbor countries. ECOWAS heads of states lifted economic and financial sanctions on Mali, approved Burkina[-Faso] transition timetable[,] and gave Guinea an additional one-month reprieve to present an "acceptable" timetable. During the summit, Umaro Sissoco Embalo, president of Guinea-Bissau, was elected as new chairman of the bloc.
[...]
The consensus Mali and ECOWAS reached plans that Mali will hold presidential elections in February 2024. The poll will be preceded by a referendum on a revised constitution in March 2023 and legislative elections in late 2023. Brou said ECOWAS would continue to monitor the situation.
[...]
Ecowas* commission president pointed at the Conakry's proposal of 36-month transition period. The bloc named a new mediator. ...Guinea's ["]junta["] had so far refused ECOWAS-deisgnated mediator and announced a 36-month transition - which the period that African Union chairperson labelled "unthinkable". The Guinean military rulers met the main political parties on Monday, but they have made their participation in the dialogue conditional on the nomination of an ECOWAS mediator.
[...]
suspension of all three nations from ECOWAS would remain in force until they hold elections.

* tell-tale UK-Eng. symptom of Anglo disease
by Cat on Mon Jul 4th, 2022 at 12:20:50 PM EST
[ Parent ]

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