Ghana

Our out-of-consensus constructive view on the Ghanaian cedi is playing out. The currency has been appreciating since August 13, having gained 0.7% against the dollar to close at GHS1.4650/US$... 2009-08-24

The Ghanaian cedi has broken out of a 15-month trend channel and has appreciated by 2.2% over August 1-10. It has been boosted by a recent influx of foreign exchange associated with... 2009-08-10

Our bullish views on the US$ 2017 sovereign bonds of Ghana and Gabon are playing out nicely and we expect further gains. Meanwhile, the Republic of Congo's US$ 2029 global bond is... 2009-07-31

Our bullish view on Ghana's US$ 2017 global bond is playing out really well. Since we initiated a position in our mock portfolio on April 17, the yield has declined by 316 basis points... 2009-07-03

Given the current correction in global equities and oil prices and uptick in risk aversion, we are exiting our long Lagos All-Share Index and SEMDEX trades in our mock portfolio.... 2009-06-23

In light of the global equity rally, we here examine the extent to which the global bullish trend is reflected in sub-Saharan Africa equity markets. We note that more integrated economies,... 2009-05-07

BMI View: Ghana's US$ 2017 sovereign bond presents one of the best opportunities for foreign investors to gain exposure to the forthcoming improvement in the country's macroeconomic... 2009-04-30

BMI View: We remain medium-term bearish on sub-Saharan African FX, but the short-term outlook is mixed. Here, we present our views on Uganda, Kenya, Tanzania, Angola and Ghana.

Barring a significant resurgence in international risk aversion and a renewed drop in oil prices, we believe Ghana and Gabon's US$2017 global bonds are likely to see further yield... 2009-04-16

BMI View: Our outlook on sub-Saharan African FX is mixed for the short term, depending on the country-specific dynamics. Here, we present our views on Kenya, Tanzania, Mauritius,... 2009-03-31