Economy West Africa Homepage

BMI View: We have revised up our export forecasts following recent discoveries of oil deposits. Exports are forecast to rise from US$4.3bn in 2008 to US$4.8bn in 2009 as commercial... 2008-04-03

BMI View: The Central Bank of Nigeria (CBN) has raised the monetary policy rate to 10.0% from 9.5%, the rate which has held since December 4 2007. We are maintaining our forecast... 2008-04-02

BMI View: Elevated global food prices are likely to affect sub-Saharan Africa more severely than the wider developing world. In general, countries scoring higher in our political... 2008-04-01

BMI View: The Bank of Ghana's 75bps interest rate hike is a prudent move, in light of the latest inflation readings. We continue to forecast the gradual lowering of inflation and... 2008-03-18

On the back of surging oil and food prices, we have revised up our year-end inflation forecast to 4.5% y-o-y in 2008 (up from our previous projection of 2.0% y-o-y), which marks a... 2008-03-04

On the back of surging oil and food prices, we have revised up our year-end inflation forecast to 4.5% y-o-y in 2008 (up from our previous projection of 2.0% y-o-y), which marks a... 2008-03-03

BMI View: We continue to see 2008 as a peak year for Nigeria's current account, forecasting a surplus equal to 22.8% of GDP as oil prices rise again and oil production continues... 2008-03-03

BMI View: We forecast strong real GDP growth of 7.1% in 2008 as oil production returns to normalcy, but see the pace slowing to 5.1% in 2009 and 4.5% in 2010 as oil production falls.... 2008-03-03

BMI View: New investment, which will slightly boost oil output over the next decade, supports our forecast real GDP growth of 4.2% and 3.9% in 2008 and 2009, as we assume that oil... 2008-03-03

BMI View: On the back of rising oil prices we see exports rising in 2008 to US$7.4bn from US$6.5bn in 2007. Imports should similarly rise over the period, though not by as large... 2008-03-03