Nigeria’s low yields boost trading in Ghana’s securities

•As investors seek alternative investments at 14 % yield •Capital flight threatens economy Low yields in government securities may have diverted investors’ attention to Ghana’s Treasury Bills, with its attractive rates, leading to unprecedented capital flight that is servicing both the private sector and government of Ghana at the expense of Nigeria’s, BusinessDay investigations have revealed. In fact, Ghana’s treasury bills are trading in Lagos with buyers paying at the rate of 14 percent ...
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Added July 08, 2010
from Businessday Nigeria