Ghana

Ghana's disclosure of unreported expenditure and the resulting failure to hit the 2016 fiscal deficit target highlights substantial risk to the country's public finances, Fitch Ratings says. Public finances are an important ratings weakness, but we think the new government is committed to fiscal adjustment under Ghana's IMF programme.

Ghana's central bank maintained its monetary policy rate at 25.50 percent, saying the risks to inflation and growth are balanced, with the trend toward declining inflation considered positive.

Bharti Airtel is in talks with rival Millicom International Cellular for a possible merger in Ghana, as India’s No. 1 telecom operator, embroiled in a brutal tariff war in its home market, tries to find ways to improve operations in Africa where it has yet to make a profit since entering the continent in 2010.

Ghana’s inflation for December 2016, reached 15.4 percent.