Guide to the 19.5% Debt Ghana Can’t Get Yield Hunters to Buy – Bloomberg
Ghana is having a hard time selling $820 million of local-currency debt. They arent sovereign notes, which is part of the problem. The second-biggest economy in West Africa attracted just a quarter of the 3.6 billion cedis of 10-year bonds up for sale last week at about 19.5 percent. Investors were willing to take on…