Tag: African Risk Premium
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“African Risk Premium” makes borrowing expensive for Africa – Akufo-Addo laments
As Ghana continues to be locked out of the international capital market, due to its high debt-to-GDP ratio as well as its poor credit ratings among others, President Akufo-Addo is calling for a scrapping of the “African risk premium” calculated into loans given to African countries. According to him, the phenomenon only makes the cost…