Are the beginnings of new “food riots” visible in sub-Saharan Africa, following the example of the deadly violence in Sierra Leone on August 10, 2022? Soaring food prices are sparking fears of social unrest across the continent. In a report on food security published on July 29, 2022, the International Monetary Fund (IMF) unrolls a long list of double-digit inflation in many African countries.
S&P is the third agency to consider that the evolution of Ghana’s economic parameters makes its ability to repay its debt, owed to both local and international creditors, uncertain. A decision likely to provoke further controversy.
At a time when Bitcoin and other cryptocurrencies are in the eye of the storm, the first sale of the Central African cryptocurrency is not generating much excitement.