Ghana: Sovereign-Bank Nexus Risks Materialize

The government of Ghana’s impending domestic debt exchange has negative implications for the domestic banking system, and in turn the real economy. Interdependencies between the sovereign and banking sector have deepened over the years – with the sovereign growing more reliant on the banking system for financing and government debt holdings accounting for an important share of banking sector pr...

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Ghana: Sovereign-Bank Nexus Risks Materialize

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