Africa central banks slash growth forecasts

Central banks in sub-Saharan Africa have sharply revised downward their countries' growth forecasts for 2020 as they anticipate the impact of the rapidly evolving coronavirus pandemic on the regional economy being more severe than expected.

Ghana, one of the world's top 10 fastest-growing economies, warned during a hurriedly rescheduled policymaker meeting that the adverse effects of Covid-19 on growth, along with the sharp fall in commodity prices, will weigh heavily on economic activities.