{"id":236752,"date":"2024-10-22T08:31:44","date_gmt":"2024-10-22T08:31:44","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/22\/budget-shortfalls-to-be-substantial-in-ghana-nigeria-fitch-solution\/"},"modified":"2024-10-22T08:31:44","modified_gmt":"2024-10-22T08:31:44","slug":"budget-shortfalls-to-be-substantial-in-ghana-nigeria-fitch-solution","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/22\/budget-shortfalls-to-be-substantial-in-ghana-nigeria-fitch-solution\/","title":{"rendered":"Budget shortfalls to be substantial in Ghana, Nigeria \u2013 Fitch Solution"},"content":{"rendered":"<p><\/p>\n<div data-td-block-uid=\"tdi_42\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p>Budget shortfalls will be substantial in Ghana, Uganda and Nigeria, Fitch Solutions has revealed in an article.<\/p>\n<p>Dubbed \u201cReturn To International Capital Markets Belies Persistence Of Fiscal Risks In Sub-Saharan Africa\u201d, the UK-based firm said many governments across the region will remain reliant on domestic and\/or external borrowing to plug budget shortfalls in 2025.<\/p>\n<p>This comes amid mixed progress on fiscal consolidation across Sub-Saharan Africa (SSA).<\/p>\n<p>\u201cElevated debt servicing costs, a symptom of tight external and domestic financial conditions since 2022, will continue to exert upward pressure on government spending,\u00a0while structural constraints on revenue generation will limit the effectiveness of tax-driven deficit reduction measures\u201d.<\/p>\n<p>Meanwhile, domestic yields remain elevated despite a gradual regional pivot towards monetary easing.<\/p>\n<p>According to a quarterly Gross Domestic Product-weighted average of SSA 10-year government bonds, yields reached 12.63% in Q2 2024, above the previous peak of 12.62% seen in Q4 2022 following Russia\u2019s invasion of Ukraine and the subsequent rapid tightening of global financial conditions.<\/p>\n<p>The spread with 10-year US Treasuries also widened, reflecting various domestic pressures, including\u00a0monetary tightening in Nigeria\u00a0and election-induced volatility in South Africa.<\/p>\n<p>Yields remained high even into quarter four, especially in Nigeria and Kenya, reflecting ongoing monetary tightening and\u00a0elevated political risks\u00a0respectively.<\/p>\n<p>Source: Joy Business<\/p>\n<p><strong>READ ALSO:<\/strong><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Budget shortfalls will be substantial in Ghana, Uganda and Nigeria, Fitch Solutions has revealed in an article. Dubbed \u201cReturn To International Capital Markets Belies Persistence Of Fiscal Risks In Sub-Saharan Africa\u201d, the UK-based firm said many governments across the region will remain reliant on domestic and\/or external borrowing to plug budget shortfalls in 2025. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":236754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-236752","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Budget shortfalls to be substantial in Ghana, Nigeria \u2013 Fitch Solution - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/22\/budget-shortfalls-to-be-substantial-in-ghana-nigeria-fitch-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budget shortfalls to be substantial in Ghana, Nigeria \u2013 Fitch Solution - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Budget shortfalls will be substantial in Ghana, Uganda and Nigeria, Fitch Solutions has revealed in an article. 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