Analysts: Ghana Fuel-subsidy Cut Is Merely Quick Fix

Ghana’s removal of fuel subsidies last week was designed to reassure investors ahead of a $1 billion Eurobond in July, but it carries risks. Analysts say more action will be needed to tackle a large budget deficit.

Ghana – one of Africa’s fastest-growing economies – began producing oil in 2010, ranks as the world’s number two cocoa producer, and is Africa’s second biggest gold miner. Though popular with investors, the government has seen its fiscal management criticized amid …

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