… It added that a further complication is the tightening bias re-emerging in major economies. “Renewed energy inflation is limiting the ability of the US Fed, European Central Bank (ECB) and Bank of England (BoE) to reduce rates. …
… But Thomas Pugh, chief economist at RSM UK, said the “bigger test for consumers” is yet to come as energy prices surged again on the re-escalation of tensions in the Middle East conflict. “Inflation is likely to rise above 3.5%, increasing the risk that the Bank of England rai …
… The Bank of England holds records of the compensation paid in 1833, not to the enslaved, but to the slave owners, twenty million pounds sterling to the people who had reduced human beings to property, while the enslaved themselves received nothing except the instruction to contin …
… Analysts said that after a good start to the year the economy was set to slow over the next few months, and they expect the Bank of England to keep interest rates unchanged when it meets next week. …
… The party argued the duty had led to the Bank of England taking Winston Churchill off bank notes and produced police training that advised officers not to treat people the same way. …
… Following the 2008 financial crisis, the Bank of England’s Quantitative Easing (QE) program, while stabilising the financial system, had long-term negative effects, resulting in substantial losses for the bank when bond prices later fell. …
… The surge in energy prices since the beginning of the Iran war has prompted analysts to cut their growth predictions for the UK economy, with households facing higher fuel bills and the Bank of England no longer expected to cut interest rates. …
… The Bank of England similarly faced billions in losses, requiring the United Kingdom Treasury to transfer funds to cover the shortfall under an indemnity agreement. …
PwC urges Chief Executive Officers and Boards to closely track monthly inflation (especially food and imported components), Treasury bill and bank lending rates, and government capital expenditure execution, citing global uncertainty from the Middle East conflict and its potential impact on commodity and financial markets. The firm notes Ghana's second-half outlook is increasingly exposed to global energy and geopolitical cycles, with the IMF projecting global growth of 3% and inflation of 4.7% in 2026, while a prolonged Middle East conflict could raise fuel, freight, and food production costs.
PwC urges Chief Executive Officers and Boards to closely track monthly inflation (especially food and imported components), Treasury bill and bank lending rates, and government capital expenditure execution, citing global uncertainty from the Middle East conflict and its potential impact on commodity and financial markets. The firm notes Ghana's second-half outlook is increasingly exposed to global energy and geopolitical cycles, with the IMF projecting global growth of 3% and inflation of 4.7% in 2026, while a prolonged Middle East conflict could raise fuel, freight, and food production costs.
British retail sales volumes rose 1.0% in June, exceeding economist forecasts, as shoppers increased spending on air conditioning and clothing during hot weather and the World Cup. Online sales reached their highest share since April 2021 at 29.4% in the three months to June.
Reform UK, a British political party, has proposed introducing visa restrictions on nationals of countries seeking reparations for the transatlantic slave trade, a move criticized as an attempt to punish African and Caribbean nations for asking for justice. The article argues that reparations are a legal and moral claim for repair of documented harm, not charity, and notes Britain's central role in building and profiting from the slave trade.
The UK economy shrank by 0.1% in April as the Iran war raised business costs and affected turnover, according to the Office for National Statistics, though the three-month growth rate remained positive at 0.7%.
Conservative leader Kemi Badenoch will argue in a speech that the Public Sector Equality Duty, which requires public bodies such as schools and hospitals to promote equality, should be scrapped because it has become "a minefield" exposing public decisions to legal challenge. The Labour government meanwhile is promising a new equality and diversity strategy focused on getting working-class people into the civil service.
An opinion piece argues that debate over the Bank of Ghana's published financial reports has become politicized rather than focused on substantive accounting and economic analysis, with critics using standards inconsistently depending on their political position.
UK public sector borrowing hit £24.3bn in April, the highest for that month since 2020, driven by higher spending on benefits and debt interest payments amid weak retail sales and deteriorating growth outlook.
The International Monetary Fund upgraded the UK's 2026 growth estimate to 1% from 0.8%, citing resilience but warning that a prolonged Middle East conflict and domestic uncertainty could dampen growth through higher energy and food prices. The IMF suggested the Bank of England need not raise interest rates this year to bring inflation back to target by end-2027.
A Bank of Ghana loss of GH¢15.6 billion in 2025 was largely driven by deliberate stabilisation policies—including open market operations, revaluation, and exchange-rate and gold reserve transactions—aimed at restoring economic confidence. The losses coincided with significant improvements in Ghana's macroeconomic indicators.
The Bank of Ghana reported a GH¢15.6 billion loss for 2025 alongside deepening negative equity, with observers questioning whether the central bank's stabilization efforts during Ghana's economic turbulence have left it financially weakened despite contributing to easing inflation, exchange rate stability, and improved investor confidence.
The Bank of Ghana reported a GH¢15.6 billion loss for 2025, principally from open market operations, revaluation, exchange-rate losses, and gold reserve transactions. According to the source, these losses were a deliberate consequence of stabilisation policies that contributed to macroeconomic recovery, as central banks prioritise economic stability over profit maximisation.
A Joy Online analysis argues that central banks, like governments providing infrastructure, should be judged by their contribution to price stability and financial security, not by accounting profits; the Bank of Ghana's policy costs should be evaluated by their success in reducing inflation and currency volatility.
Yara's chief executive warns that disruption to fertiliser supplies due to hostilities in the Gulf, which have blocked shipping through the Strait of Hormuz, could result in up to ten billion meals not being produced weekly globally and will disproportionately affect the poorest countries.