Ghana Finds a $1.6 Billion Hole in Budget
Ghana’s budget deficit could be twice as big as previously forecast, Finance Minister Ken Ofori-Atta said a day after the government revealed a 7 billion-cedi ($1.6 billion) hole in the budget. The disclosure sent bonds tumbling. The shortfall as a percentage of gross domestic product could be close to “double digits” for 2016, Ofori-Atta said Wednesday in an interview…