(Bloomberg) -- It's been a good start to the year for Eurobonds of sub-Saharan African issuers, which have gained on average 2.2 percent, compared with 1.9 percent for emerging-market dollar debt. The one exception: Ghana. Investors dumped the West African nation's securities after the government revealed $1.5 billion of previously unreported debt and boosted the 2016 budget deficit to 10.2 percent of gross domestic product, from 5.3 percent.
To contact the reporter on this story: Moses Mozart Dzawu in Accra at mdzawu@bloomberg.net.
To contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Robert Brand, Michael Gunn
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