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Is Africa’s debt cycle unbreakable?
Behind the Money
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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