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How Ghana went from hero to zero for investors
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How Ghana went from hero to zero for investors

Evarist Chahali's avatar
Evarist Chahali
Aug 30, 2022
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How Ghana went from hero to zero for investors
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How Ghana went from hero to zero for investors

Ghana is learning the hard way why oil can be a blessing and a curse. The onset of commercial crude production helped turn the West African nation into one of the continent’s hottest investment destinations, but also prompted successive governments to borrow to the hilt. Skittish investors have offloaded Ghana’s bonds and currency, the cedi, amid mounti…

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