Ghana’s Dollar Bonds Fall as much as 4 Points
Dollar bonds of Ghana fell sharply yesterday. Goldman Sachs said that investors are concerned about burgeoning debt in high-yield developing nations including Ghana. Goldman’s analyst Sara Grut said, “Ghana mostly stands out for its fiscal risks, with the...
Ghana’s Dollar Bonds Recover on Financing Alternatives
Ghana’s dollar bonds saw a slight recovery by about 1 point, after dropping over 4% ahead of its budget decision. Ghana in its budget, said that it sees deficit narrowing to 7.4% of GDP in 2022 from an expected 12.1% in 2021 (and 9.4% excluding legacy costs) and...
Ghana’s Bonds Slump After Outlook Revised to Negative
Ghana’s bonds dropped after Fitch revised it’s rating outlook to negative from stable on Tuesday. The rating action came as the country’s public finances deteriorated as a result of the ongoing pandemic and as the government’s fiscal...
