NewsWest Africa

Tue,30Jun2015

West Africa

Ghana may have to renegotiate IMF bailout conditions

Photo©ReutersThe macroeconomic and fiscal targets set by the International Monetary Fund (IMF) bailout for Ghana are ambitious and unrealistic, says an economist, and the country might have to renegotiate the terms to enable it to hit the mark within time.

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Ghana's slow progress on privatisation

The Akosombo dam, with a capacity for 1,202MW, has been operating at low levels because of poor rainfall. Photo©12/AlamyThe government is relying on private power projects and help from the United States to turn around the electricity sector before elections in December 2016.

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Ghana awaits fresh disbursement of IMF funds

Ghana is likely to clear the first review of its $918 million programme with the International Monetary Fund and secure a fresh disbursement of funds aimed at stabilising its economy.

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Senegal's Dakar out of the dark

Keeping the lights on is paramount for Macky Sall’s government, as patience with power cuts has run out. Photo©Youri Lenquette for JAThe power cuts of late 2011 have abated and the government is promoting a series of projects to boost production over the next few years. But customers are not convinced about Senelec's plans for smart meters and untried investors.

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Declare assets, Ghana's anti-corruption bodies tells legislators

Photo©ReutersA consortium of Ghanaian anti-corruption campaigners have stepped up crusade to force legislators to revise the country's assets declaration requirements to include verification and publication of declared assets.

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Nigeria: President Buhari dissolves state oil company board

Nigerian President Muhammadu Buhari. Photo©ReutersNigeria's new President Muhammadu Buhari dissolved the board of the state-owned oil company on Friday as a first step in cleaning up the sector in Africa's biggest crude producer.

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