Is Africa’s debt cycle unbreakable?
Behind the Money
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The Implications of Moody's Downgrade on Ghana
Moody's downgraded Ghana to junk status last year. The implications of that are quite simple, David says. If there is a higher perception of risk, then the market will charge you more to lend. Are African markets really that much riskier? I think a lot of African leaders now would argue that because the risk perception is higher than is actually warranted," he says.
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