September 2022 Africa Markets Revealed

Ghana has become the biggest loser on the African continent as a result of the country’s inability to issue Eurobonds. The lack of access to the international capital market is as a result of global economic challenges and internal issues. According to the September 2022 Africa Markets Revealed Report by Standard Chartered Bank, the country’s Year-To-Date Index (listed bonds) is down by 34.6%. It is followed by Morocco (-20.8%) and Rwanda (-20.2 %), while the biggest gainer is the Republic of Congo, whose Year-To-Date index is up 9%. The report also said while oil and gas prices are starting to…