An increase in capital expenditure across the region over the past few years means that the general widening in budget deficits may not be as worrying as the headline figures suggest. But there are some exceptions, most notably Ghana, where widening budget deficits have been due to a rise in current expenditure that may ultimately prove unsustainable.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.