The new year has started with economies in Sub-Saharan Africa bracing for disruptions due to the end of zero-COVID in China and a looming global recession. While these are likely to pass by mid-year, tight domestic policy will remain a drag. In Ghana, the authorities are considering bringing their external debt restructuring efforts under a multilateral framework, which on the face of it, is good news. But pitfalls remain and we don’t anticipate a quick deal with creditors or the IMF.
Drop-Ins – The World In 2023 (10-11 January): Will 2023 be another rollercoaster year for economies and markets? Join our senior economists for these special briefings on 10th and 11th January to find out what to expect in the coming 12 months. Register now.
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