Ghana
Economy
In light of the latest rally in Sub-Saharan African eurobonds, we reiterate our view that both Ghana and Gabon have reached a top. That being the case, we continue to favour instruments...
2010-08-23Economy
BMI View: The Ghanaian economy showed several signs of strain over the first half of 2010 and we have accordingly lowered our forecast for real GDP growth in 2010 to 5.6% from 6.1%...
2010-08-12Economy
Ghana's US$2017 global bond is rallying strongly in line with the global trend for emerging market debt, and is currently testing its all-time-high. The instrument has been buoyed by...
2010-08-10Economy
In line with our expectations, the recent run of losses for the Ghanaian cedi have been capped, with the currency having found support just short of our GHS1.4600/US$ target. In our...
2010-08-03Economy
BMI View: In the aftermath of the Bank of Ghana's decision to cut interest rates by a greater-than-expected 150bps on July 16, we hold to our out-of-consensus view for the prime rate...
2010-07-19Economy
BMI View: Over the near term, we are bearish the cedi and local equities. Looking further ahead in H210, we see local debt selling off, and the cedi appreciating against the US dollar....
2010-07-05Economy
We have decided to take 10.1% profit on our bullish Ghanaian equities Key Market View given the ongoing momentum for near-term downside amid a bout of profit-taking and short-term...
2010-06-09Economy
BMI View: As the economic recovery continues apace, our proprietary Sovereign Risk Ratings for Sub-Saharan Africa remain broadly stable. We see Gabon as the most creditworthy sovereign...
2010-06-03
