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Ghana’s local debt market sees offshore interest after coupon payout

Dr Cassiel Ato Forson, Ghana Finance Minister. Photo courtesy Ministry of Finance/Facebook
Dr Cassiel Ato Forson, Ghana Finance Minister. Photo courtesy Ministry of Finance/Facebook
  • Foreign accounts cautiously return after government settles one of its biggest coupon payments
  • Trading volumes jump 23% in a week, led by central bank and treasury bills

 

ACCRA, GHANA – Foreign investors are re-entering Ghana’s local debt market after the government disbursed GHS9.7 billion ($888mn) coupon last week, boosting confidence in the country’s ability to stay current on its restructured obligations.

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