I have seen several people share a Bloomberg story comparing uptake of local currency-denominated bonds by Ghana and Rwanda. Discounting the needlessly sensational headline, the story itself largely focuses on investor ‘sentiments,’ especially on fears of potential fiscal slippage leading into an election year in Ghana, not on an underlying, existing macrofiscal realities. I fail […]

I was going to write a long piece/sort of break my silence on some of the issues raised by some commentators regarding the banking sector clean-up, especially in respect of a “bailout” versus “resolution” strategy. *+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+ (Forget the political innuendos: I personally think it is not worth responding to except probably if only to show […]