PETER DANIEL ONIMISI (Ph.D.)
Most sub-Saharan African currencies have depreciated against the US dollar, exacerbating inflationary pressures across the continent as import prices surge. This, together with a growth slowdown, leaves policymakers with difficult choices as they balance keeping inflation in check with a fragile economic recovery[1].
[1] https://www.imf.org/en/Blogs/Articles/2023/05/15/african-currencies-are-under-pressure-amid-higher-for-longer-us-interest-rates