Ghana

BMI View: We remain medium-term bearish on sub-Saharan African currencies, expecting poor commodity earnings and subdued investment inflows to weigh on FX. Here, we outline our views... 2009-03-04

BMI View: While we see scope for inflation to continue ticking up over the short term, we believe 18.50% represents the top of the current interest rate cycle. We have revised our... 2009-02-25

BMI View: With the exception of South Africa, we remain broadly bullish on sub-Saharan African local debt markets given our expectation for interest rate cuts and sharp declines... 2009-02-18

BMI View: BMI remains medium-term bearish towards EM equities, and sub-Saharan African (SSA) markets are no exception. Despite the precipitous declines seen in several indices... 2009-02-06

BMI View: The deficits on Ghana's current account and fiscal account could prompt the nation to seek funding from multilateral creditors such as the IMF over 2009-2010. Beyond that... 2009-02-05

BMI View: The Ghanaian cedi is one of the currencies we are most bearish on in sub-Saharan Africa. We are targeting GHS1.5000/US$ by end-09, believing risk aversion and capital imports... 2009-01-29

BMI View: We are forecasting 11.4% currency depreciation, 200bps of interest rate cuts, and inflation falling by over 700bps in 2009. In our view, the US$2017 global bond will become... 2008-12-12

Our call for resumed weakening of the Ghanaian cedi is playing out, and further significant losses lie ahead. The currency traded at GHS1.2110/US$ at one point on December 1. We are... 2008-12-01

The cedi is set to see accelerated losses towards GHS1.2000/US$ in the short term owing to fundamental downside pressure as well as the actions of the Bank of Ghana. The accelerated... 2008-11-10

BMI View: We expect the Bank of Ghana's monetary policy committee to keep interest rates on hold at 17.00% on October 27. Key to this decision will be the ongoing decline in headline... 2008-10-21