The World Bank has issued a strong warning to the Government of Ghana against making an early return to the Eurobond market. It cautions that such a move could undermine the country’s credibility and derail efforts to restore long-term economic stability. In its latest assessment of Ghana’s post-crisis recovery, the World Bank said “the most positive immediate action the government can take would be to refrain from precipitously re-accessing the Eurobond market.” The report added that the ability to borrow again on international markets should not be mistaken for a…
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