• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana: Sovereign bonds were already junk before Russia-Ukraine war – AfDB says

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
AfDB

AfDB

130
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana: Sovereign bonds were already junk before Russia/Ukraine warn – AfDB says

Ghana’s sovereign bonds were already trading in distressed territory prior to Russia’s invasion of Ukraine, according to the Africa Development Bank’s (AfDB) 2023 Africa’s Macroeconomic Performance and Outlook report.

The report cites fiscal concerns and widening spreads as reasons for the distress, with the spread expanding by more than 1,500 basis points since August 2022.

The report also states that debt vulnerabilities are likely to persist as countries such as Ghana continue to grapple with the economic shocks from the COVID-19 pandemic and Russia’s invasion of Ukraine.

As of the end of September 2022, 23 African countries were either in debt distress or at high risk of debt distress, up from 20 in 2020, according to the report.

Furthermore, since January 2022, all 23 countries in debt distress or at high risk of debt distress have recorded an increase in sovereign spreads of more than 700 basis points.

The AfDB report also notes that Ghana’s public debt reached GHS467.4bn ($82.6bn) at the end of September 2022, pushing the country’s debt to unsustainable levels.

RelatedPosts

Nigeria Eyes Debut Global Sukuk, New Loans to Raise Total of $2.8bn

GSS to Produce Regional and District GDP Figures from 2026

Africa’s Refining Capacity Expands as Uganda’s $4 Billion Oil Refinery Nears 2030 Start

Tags: AfDBGhana: Sovereign bonds were already junk before Russia/Ukraine warn - AfDB saysRussia-UkraineSovereign bonds
No Result
View All Result

Highlights

Global Miners Raked in $700bn in 2024 Despite Rising Pressures

ADB Celebrates Customer Service Week with Renewed Commitment to Enhance Service Experience

Gold Price Surpasses $4,000 for First Time

“We Want to Win This Game”- Otto Addo’s Black Stars Aim for World Cup Qualification Against Central African Republic

President Kurt Edwin Simeon-Okraku appointed Chairperson of FIFA Anti-Racism and Anti-Discrimination Committee

England, Portugal, and Norway Poised for 2026 World Cup Qualification

Trending

Business

Nigeria Eyes Debut Global Sukuk, New Loans to Raise Total of $2.8bn

October 8, 2025

Nigeria Eyes Debut Global Sukuk, New Loans to Raise Total of $2.8bn Nigerian President Bola Tinubu has...

GSS to Produce Regional and District GDP Figures from 2026

October 8, 2025

Africa’s Refining Capacity Expands as Uganda’s $4 Billion Oil Refinery Nears 2030 Start

October 8, 2025

Global Miners Raked in $700bn in 2024 Despite Rising Pressures

October 8, 2025

ADB Celebrates Customer Service Week with Renewed Commitment to Enhance Service Experience

October 8, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.