Sovereign Analysis /
Ghana

Ghana: Debt sustainability again in question

  • Sell-off in Ghana's dollar bonds accelerated this week after the government cancelled issuance plans

  • Concerns over how Ghana will fund itself amid limited alternatives and weak commitment to fiscal consolidation

  • Debt looking more unsustainable, but high reserves and favourable debt service profile buy some time; retain Hold

Ghana: Debt sustainability again in question
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
22 October 2021
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