Fixed IncomeQuarterly Outlook
Ghana Fixed Income Outlook — Reinvestment Risk Replaces Credit Risk
The dominant risk in Ghanaian fixed income has shifted. After the domestic debt exchange, investors spent two years focused on credit. The binding question now is what maturing short-dated paper can be reinvested into, and whether the real return on that reinvestment is positive.
Nii Kwartey Aryeetey3 min read