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Africa’s battle for fair credit - Ghana Business News

Summary by Ghana Business News
Why borrowing is so expensive for African nations is no longer just a technical debate. It is a question with billion-dollar consequences. Imagine a scenario, as of late 2024, where Germany is able to borrow $1 billion at an interest rate of 2.29 percent. Over ten years, it pays about $229 million in interest. Zambia, borrowing the same amount but facing a much higher rate of 22.5 percent, would pay $2.25 billion. The math is straightforward. Th…
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NairametricsNairametrics

Unfair credit ratings pushing up costs of borrowing for African countries – ECA

African countries continue to face exorbitant borrowing costs as global credit rating agencies assign them "sub-investment grade" or "junk" ratings that do not reflect the continent’s true economic potential.  The post Unfair credit ratings pushing up costs of borrowing for African countries – ECA  appeared first on Nairametrics.

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Ghana Business NewsGhana Business News

Africa’s battle for fair credit - Ghana Business News

Why borrowing is so expensive for African nations is no longer just a technical debate. It is a question with billion-dollar consequences. Imagine a scenario, as of late 2024, where Germany is able to borrow $1 billion at an interest rate of 2.29 percent. Over ten years, it pays about $229 million in interest. Zambia, borrowing the same amount but facing a much higher rate of 22.5 percent, would pay $2.25 billion. The math is straightforward. Th…

·Accra Metropolis, Ghana
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Ghana Business News broke the news in Accra Metropolis, Ghana on Friday, April 4, 2025.
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