Ghana Says African Debt Is Mispriced as It Targets Investment-Grade Rating
Ghana is telling investors that African sovereign risk is unfairly priced as it seeks to restore market confidence after debt restructuring.
Ghana is telling investors that African sovereign risk is unfairly priced as it seeks to restore market confidence after debt restructuring.
Ghana’s proposed increase in central-bank gold purchases from large miners is a monetary-policy story as much as a mining story: the country is trying to convert mineral output into stronger reserves and foreign-exchange resilience.
Ghana’s final IMF programme review and request for a non-financing Policy Coordination Instrument signal a shift from crisis support to monitored economic discipline.
JP Morgan has upgraded Afreximbank bonds after a sell-off triggered by Fitch’s junk rating, saying the bonds now offer value despite rating controversy.