Kofi Ahovi

  Zambia’s Minister of Technology and Science, Felix Mutati, has praised Ghana’s progress in financial technology and digital systems, saying his country is seeking closer collaboration to strengthen its own innovation ecosystem.  Mutati, who is in Ghana with a delegation of about 16 innovators and startups, said the visit is aimed at engaging businesses and players within the same ecosystem to exchange ideas and build partnerships. The visit is expected to deepen cooperation between the two countries in technology and innovation, as African nations increasingly look to share solutions to accelerate digital transformation. Speaking on the Citi Breakfast Show on Monday, April 20, 2026, Mutati highlighted Ghana’s strides in fintech, particularly in digital identification infrastructure.   For us, the collaboration and things to learn are for us to deal with some of our own priorities in Zambia, particularly when it comes to fintech platforms. Because there are mostly system...

 Fitch Ratings has stated that improved growth and fiscal reforms should reduce Sub-Saharan African governments' debt to Gross Domestic Product (GDP) ratio, while lower policy rates will ease domestic financing costs.  However, the median average financing costs will rise further, and interest/revenues will be uncomfortably high for many countries in the region. According to the UK-based firm, financing challenges will remain, particularly for those at the lower end of the rating scale including Ghana and Zambia, but the three Common Framework restructurings are expected to be completed in 2025. Both Ghana and Zambia have ratings of CCC+. Two sovereigns in the region have Positive Outlooks, and one has a Negative Outlook. According to the UK-based firm, this is the first time in nearly a decade, apart from a brief period at the start of 2023, that there has only been one Negative Outlook for Fitch-rated SSA sovereigns. Six sovereigns are rated at levels for which Fitch does no...