Skip to main content

2022 ends with a debt bang

2022 will be a year to forget for many African economies – it was marked by growing balance sheet strains and culminated in Ghana's government opting to default on much of its external debt earlier this week. The good news is that concerns about debt distress elsewhere in the region have eased recently. But sovereign debt risks will remain high in 2023. The vulnerabilities appear to be largest in Mozambique and Kenya.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access