Economy West Africa Homepage

Signalling Liberia's gradual return from years of mayhem and economic stagnation, the government has removed the six-year-old moratorium on the mining, sale and exports of diamonds.... 2007-07-30

The peaceful transition of power to democratically elected President Sidi Mohamed Ould Chiekh Abdallahi in April 2007 has allowed the new government to concentrate on economic matters.... 2007-07-26

Judging by the Bank of Ghana's (BoG) most recent Financial Stability Report the health of the Ghanaian banking sector is on an encouraging trajectory. Strong asset growth coupled... 2007-07-26

BMI View: We see real GDP growth moderating slightly to 6.3% y-o-y this year, down from an estimated 6.5% in 2006. We anticipate growth will stay at this still-strong level next... 2007-07-04

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We are forecasting a gradually improving balance of payments position over the next few years. From an already reasonable level of 2.5% of GDP in 2006, we expect the deficit to narrow... 2007-07-03

We have revised up our global assumptions for oil prices, and now expect Nigeria's Bonny Light crude to reach an average of US$63.30/bbl this year, compared with US$61.70/bbl. However,... 2007-06-29

BMI View:The planned construction of a sizeable alumina plant in the centre of Cameroon augurs well for the non-oil sector and job creation ahead, although it still leaves the country... 2007-06-28

A recently released International Monetary Fund Article IV consultation with the Ghanaian authorities distils some of the key achievements hitherto and challenges facing the country... 2007-06-25

BMI View: The appointment of a consensus prime minister, Lansana Kouyaté, and his recent meeting with United States Secretary of State Condoleeza Rice augur well for Guinea's fortunes.... 2007-06-22