• Latest
  • Trending
OSP removes Ken Ofori-Atta from wanted list

Ghana ranked 2nd among countries with highest debt default risk in 2022 by Bloomberg

July 19, 2022
Supreme Court quashes order to reinstate Nii Tackie Adama Latse II; affirms King Tackie Teiko Tsuru II as rightful Ga Mantse

Supreme Court quashes order to reinstate Nii Tackie Adama Latse II; affirms King Tackie Teiko Tsuru II as rightful Ga Mantse

July 23, 2025
Six injured in Odumasi road collision; One in critical condition

Six injured in Odumasi road collision; One in critical condition

July 23, 2025
Wa AMASS Final-Year Student Hospitalized After Stabbing Incident on Campus

Wa AMASS Final-Year Student Hospitalized After Stabbing Incident on Campus

July 23, 2025
GES Confirms Full Payment of Capitation Grant Arrears owed to basic schools

GES confirms full payment of capitation grant arrears owed to basic schools

July 23, 2025
Minority to Government: Stop the “Fancy Stunts” and tackle Galamsey head-on

Minority to Government: Stop the “Fancy Stunts” and tackle Galamsey head-on

July 23, 2025
North Tongu: Korsive Residents Appeal to Okudjeto Ablakwa as Pupils Study Under Trees

North Tongu: Korsive residents appeal to Okudjeto Ablakwa as pupils study under trees

July 23, 2025
Akwatia NPP Supporters Rally Behind Ama Sey for By-Election

Akwatia NPP supporters rally behind Ama Sey for by-election

July 23, 2025
YFM ignites Mensah Sarbah Hall Week with the ‘Returnova’ experience

YFM ignites Mensah Sarbah Hall Week with the ‘Returnova’ experience

July 23, 2025
Madina MP Establishes Sanitary Pad Bank on schools

Madina MP Establishes Sanitary Pad Bank on schools

July 23, 2025
Over subscription to power generators contributed to high debts - Executive Director - CEMSE

Over subscription to power generators contributed to high debts – Executive Director – CEMSE

July 23, 2025
Education Minister Unveils €200M Infrastructure Proposal to Transform UENR

Education Minister unveils €200M infrastructure proposal to transform UENR

July 23, 2025
Blue Water Guards to Focus on De-chemicalisation of Polluted Rivers in Phase II – Armah-Kofi Buah

Blue Water Guards to Focus on De-chemicalisation of Polluted Rivers in Phase II – Armah-Kofi Buah

July 23, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

Ghana ranked 2nd among countries with highest debt default risk in 2022 by Bloomberg

in Sports
OSP removes Ken Ofori-Atta from wanted list

OSP removes Ken Ofori-Atta from wanted list

Share on FacebookShare on TwitterShare on Whatsapp

A Bloomberg study has ranked Ghana 2nd among countries with the highest debt default risk in 2022.

The country closely follows El Salvador (ranked number one) in the Sovereign Debt Vulnerability Ranking.

Ghana’s debt to Gross Domestic Product (GDP), according to Bloomberg, is estimated at 84.6% by the end of this year.

This indicates that the nation’s debt would have surpassed ¢400 billion by far before the end of 2022.

As of the first quarter of 2021, Ghana’s public debt had hit ¢391 billion (US$50.3 billion), the Bank of Ghana reported. As much as ¢40.1 billion was added to the debt stock, largely as a result of exchange rate fluctuation.

Together with Brazil, Ghana’s interest expense to GDP is projected to hit 7.2% in 2022, the highest among the 25 countries, captured by Bloomberg.

Ghana ranked 2nd among countries with highest debt default risk in 2022 by Bloomberg

This means the two countries will spend more money to service their debts in 2022.

Already, the International Monetary Fund has cautioned 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.

It is followed by Pakistan (4th), Egypt (5th), Kenya (6th), Argentina (7th), Ukraine (8th), Bahrain (9th) and Namibia (10th).

Ghana’s situation prior to announcement by the government to seek IMF bailout was precarious as investors had perceived the Ghanaian economy as risky, therefore escalating the yield on Ghana’s Eurobonds.

However, since the announcement by the government to seek economic support from the Fund, calm has returned to the markets as interest rates have remained relatively stable, though there are still some concerns about the foreign exchange market.

Source: Myjoyonline

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Journey To Morocco: Episode 1 – Departure and Arrival

Next Post

Video: Never be friends with your Ex, don’t talk with them, block them – Rev Eastwood Anaba

Next Post
Video: Never be friends with your Ex, don’t talk with them, block them – Rev Eastwood Anaba

Video: Never be friends with your Ex, don’t talk with them, block them – Rev Eastwood Anaba

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Supreme Court quashes order to reinstate Nii Tackie Adama Latse II; affirms King Tackie Teiko Tsuru II as rightful Ga Mantse
  • Six injured in Odumasi road collision; One in critical condition
  • Wa AMASS Final-Year Student Hospitalized After Stabbing Incident on Campus
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.