Economy West Africa Homepage

BMI View: We believe that the peg of the Nigerian naira to the dollar at the rate of NGN155/US$ ±3.0% will be maintained, as depreciatory pressures seen during H211 have largely... 2012-04-27

BMI View: Due in large measure to the West African franc's peg with the euro, inflation in Cameroon is expected to remain low for the foreseeable future. We are anticipating average... 2012-04-27

BMI View: Headline consumer price inflation remains relatively stable: the latest figures from the Ghana Statistical Service are 8.8% year-on-year (y-o-y) in March, 8.6% in February... 2012-04-26

BMI View: The Bank of Ghana's decision on April 13 to hike rates by 100ps is an encouraging sign of a proactive policy stance amid a potential build-up to a currency crisis. However,... 2012-04-16

BMI View: Bolstered primarily by the non-oil sector, particularly private consumption as Nigeria's emerging middle class makes its mark and public investment as authorities seek to... 2012-03-22

BMI View: We continue to forecast a multi-year economic boom for Ghana, with the nascent oil & gas sector set to be a key propellant. There are tangible risks ahead, however, stemming... 2012-03-22

BMI View: Despite our expectations of high oil prices, which will bolster exports, we believe that import growth will remain robust, keeping the current account in deficit for the... 2012-03-22

BMI View: The Central Bank of Nigeria elected to hold its benchmark interest rate at 12.00% at its meeting on March 20, in line with our projections, as headline inflation has subsided... 2012-03-21

BMI View: Private consumption in Sub-Saharan Africa is set to be a major driver of growth for the region, as markets and disposable incomes continue to expand. Several consumer-centric... 2012-02-23

BMI View: We expect to see a slight acceleration in growth over the coming years, driven largely by investments into major infrastructure projects. We are forecasting real GDP growth... 2012-02-22