Ghana ranks 2nd country with highest Debt Default Risk in 2022


A Bloomberg report has revealed that Ghana is the 2nd among countries with the highest debt default risk in 2022.

El Salvador ranked number one in the Sovereign Debt Vulnerability Ranking.

It was gathered that Ghana’s debt to Gross Domestic Product (GDP), is estimated at 84.6% by the end of this year, meaning that the nation’s debt would have exceeded ¢400 billion by far before the end of 2022.

Meanwhile, the International Monetary Fund has revealed that more than 30% of emerging and developing countries are at or near debt distress, with 60% from developing economies.

According to Bloomberg, Tunisia with a debt-to-GDP ratio of 87.3% is ranked 3rd among countries that are in the risk of debt default, followed by Pakistan (4th), Egypt (5th), Kenya (6th), Argentina (7th), Ukraine (8th), Bahrain (9th) and Namibia (10th).