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Ghana Points to Difficulties Ahead For African Governments’ Access to Capital

The premiums that investors are charging Ghana to buy its debt have surged six-fold to the highest levels since the beginning of the pandemic, making it a lot more expensive for the country to borrow money from global capital markets.

The risk premiums on Ghanaian bonds have increased in response to the country’s rising debt and revenue collections falling 12% lower than annual expectations.

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