Economy West Africa Homepage

BMI View: We see Gabonese exports dropping from US$10.1bn in 2008 to US$9.3bn in 2009, and then further to US$8.9bn in 2010, as a combination of declining production and falling... 2008-11-25

BMI View: We see Nigeria's current account surplus shrinking as a proportion of national income from 6.9% of GDP in 2008 to just 1.6% of GDP in 2009, as the price of oil falls from... 2008-11-24

BMI View: The onset of domestic oil production in 2010 will prompt a marked improvement in Ghana's balance of payments position. We are forecasting a large current account deficit... 2008-11-24

BMI View: We are forecasting real GDP growth of 5.1% in 2009. Over the coming year, Ghana will see economic activity slow down, albeit remaining strong, on account of weaker commodity... 2008-11-05

Although we forecast that sagging demand in the world economy will cause oil prices to continue their aggressive downward correction in 2009, the negative fiscal implications for... 2008-10-24

BMI View: We have previously argued that the Central Bank of Nigeria (CBN) was holding back the naira from appreciating on the back of large forex inflows from oil receipts. However,... 2008-10-24

BMI View: With Gabon's CFA franc pegged to the euro, we expect the currency to see significant weakening in 2009, as eurozone growth nearly grinds to a halt, with our end-09 forecast... 2008-10-24

BMI View: We have downgraded our forecast for real GDP growth in 2009 to 5.7% from 6.1% previously. The outlook has deteriorated for commodity export earnings, foreign investment... 2008-10-24

BMI View: We expect the Bank of Ghana's monetary policy committee to keep interest rates on hold at 17.00% on October 27. Key to this decision will be the ongoing decline in headline... 2008-10-21

Cameroon's financial system is less exposed to the global credit crunch than many other countries, given the banking sector's low base of development, a lack of liquid financial markets... 2008-10-07