Fixed income investors look to Africa

ghana-flag
Time to celebrate: Ghana debt is proving popular with investors

An increasing number of international investors are turning to the developing markets of Africa, as risk premiums on traditional emerging market issuers dwindle. Ghana has been identified as an attractive prospect.

While returns on investments in African countries such as Nigeria and Kenya have declined, yields on Ghanaian bonds remain high.

“International investors are moving down the risk curve, and capital is reaching African shores,” says Antoon de Klerk, an emerging markets analyst at

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