Paris is working on a new, and fairer way to engage with Africa, especially as it looks to expand its bilateral relationship with Nigeria - the ... biggest economy on the continent, says Franck Riester, France's minister of foreign trade and attractiveness, in an interview from Abuja
“Any eurobond issuance this year is likely to be below the targeted $5bn,” says Mark Bohlund, senior credit research analyst at REDD Intelligence in London. “Ghana’s severe fiscal and public debt challenges will be difficult to sugar-coat to potential investors.”
The International Monetary Fund (IMF) deemed Ghana at high risk of debt distress in April 2020. With interest costs at close to 50% of government revenue, Ghana is already over-indebted, says Bohlund. An IMF annual review planned for the third quarter could make support conditional on a restructuring of external and overall debt, he adds.
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