ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

June 4, 2023

Warren’s alleged work with short-seller shows anti-crypto army heating up

June 3, 2023

Sony Web3 Incubator Aims To Accelerate Japan’s Virtual Expanses

June 3, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

    June 4, 2023

    Warren’s alleged work with short-seller shows anti-crypto army heating up

    June 3, 2023

    Gaming-Focused Layer-2 Crypto Project Surges by Over 90% After Announcement of New $80,000,000 Ecosystem Fund

    June 3, 2023

    Blockchain Association Files Another Amicus Brief Supporting Tornado Cash, Says Crypto Mixer Is ‘Simply a Tool’

    June 3, 2023

    BitMEX Founder Arthur Hayes Predicts a Bitcoin Bull Market Ahead, Says To Expect Fireworks – Here’s the Timeline

    June 3, 2023

    The Worst for Bitcoin (BTC) May Not Be Over, According to Bloomberg Analyst Mike McGlone – Here’s Why

    June 2, 2023

    Bitcoin ‘big move’ due in July after March $30K push — latest analysis

    June 2, 2023

    Europe’s right-wing political groups find cause in crypto

    June 2, 2023

    US debt ceiling, declining trust in banks send ETH staking to record highs

    June 2, 2023

    Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

    June 1, 2023

    Billionaire Mike Novogratz Says One Massive Catalyst Will Send Crypto Off to the Races

    June 1, 2023

    ‘Not just Bitcoin price’ — Dan Tapiero shares tips on navigating the bear market

    June 1, 2023

    Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

    June 4, 2023

    Gaming-Focused Layer-2 Crypto Project Surges by Over 90% After Announcement of New $80,000,000 Ecosystem Fund

    June 3, 2023

    Analytics Firm Santiment Says Bitcoin To Catch Up With Rallying Stocks, Updates Outlook on XRP and Litecoin

    June 3, 2023

    Under-the-Radar Ethereum (ETH) Competitor Pumps by 50% This Week Amid New AI Partnership

    June 3, 2023

    Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

    June 4, 2023

    Warren’s alleged work with short-seller shows anti-crypto army heating up

    June 3, 2023

    Sony Web3 Incubator Aims To Accelerate Japan’s Virtual Expanses

    June 3, 2023

    Musk’s alleged price manipulation, the Satoshi AI chatbot and more

    June 3, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    Tether PUMPING BTC!? Why Stablecoin Market Cap Matters!!

    June 3, 2023

    Gensler Raises Army Of Minions In Crypto! #shorts #youtubehorts #crypto

    June 2, 2023

    Bitcoin 4 Year Cycle UPDATE!

    June 2, 2023

    CNBC Host STUNNED 🤯 After Billionaire’s Bitcoin Prediction

    June 1, 2023

    It Is OK To Take Profits! ($BEN Will Go Up And Down)

    June 1, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.00-1.46% 24H
    BITCOIN
    24H : -1.46%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-1.03% 24H
    ETHEREUM
    24H : -1.03%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.15% 24H
    TETHER
    24H : -0.15%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-1.30% 24H
    BNB
    24H : -1.30%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.12% 24H
    USD COIN
    24H : -0.12%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.25% 24H
    XRP
    24H : -3.25%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-1.87% 24H
    CARDANO
    24H : -1.87%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.98% 24H
    LIDO STAKED ETHER
    24H : -0.98%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.00-1.46% 24H
    BITCOIN
    24H : -1.46%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-1.03% 24H
    ETHEREUM
    24H : -1.03%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.15% 24H
    TETHER
    24H : -0.15%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-1.30% 24H
    BNB
    24H : -1.30%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.12% 24H
    USD COIN
    24H : -0.12%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.25% 24H
    XRP
    24H : -3.25%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-1.87% 24H
    CARDANO
    24H : -1.87%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.98% 24H
    LIDO STAKED ETHER
    24H : -0.98%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Ghana Ranked as Country With Second-Highest Debt Default Risk Globally
News

Ghana Ranked as Country With Second-Highest Debt Default Risk Globally

Bitcoin.comBy Bitcoin.comJuly 21, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher than Ghana’s at 2,071 bps.

El Salvador Has Highest Default Risk

After seeing inflation surge to over 29% in June, Ghana, West Africa’s second-largest economy, is now ranked as one of the countries most likely to default this year, Visual Capitalist’s latest sovereign debt vulnerability rankings have shown. According to the data, Ghana is now placed second, just behind the Central American state and the first country to make bitcoin legal tender, El Salvador.

Ghana Ranked as Country With Second-Highest Debt Default Risk Globally
Source: Visual Capitalist.

As shown by data from Visual Capitalist — an online publisher focused on technology and the global economy, among others — Ghana’s five-year credit default swap spread (CDSS) of 2,071 basis points (bps) is one of the highest globally. Only four countries have a credit default swap spread that is higher than that of Ghana: Ukraine (10,856 bps), Argentina (4,470 bps), El Salvador (3,376 bps), and Ethiopia (3,035 bps).

As explained by Investopedia, CDS is “a financial derivative that allows an investor to swap or offset their credit risk with that of another investor.”

Interest Expense Ratio

Another metric pointing to Ghana’s likely default is the country’s interest expense as a percentage of the gross domestic product (GDP). According to Visual Capitalist data, with a share of 7.2%, Ghana’s interest expense ratio is the second-highest in the world behind only that of Egypt (8.2%).

When these metrics are combined with the country’s debt as a percentage of the GDP of 84.6%, and a government bond yield of 17.1%, Ghana, which finally agreed to seek the International Monetary Fund (IMF)’s help, looks destined to follow in the footsteps of Sri Lanka, which defaulted on its obligations in May.

Meanwhile, according to the Visual Capitalist rankings, Tunisia is the African country with the next highest default risk in 2022 and is followed by Egypt. Globally, Tunisia is ranked third while Egypt and Kenya are ranked fifth and sixth, respectively. Completing the top ten countries with the highest default is Namibia.

Register your email here to get a weekly update on African news sent to your inbox:

Tags in this story
bitcoin legal tender el salvador, CDSS, credit default swap spread, financial derivative, gdp, Ghana default, government bond yield, IMF, inflation rate, interest expense, sovereign debt

What are your thoughts on this story? Let us know what you think in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

June 4, 2023

Warren’s alleged work with short-seller shows anti-crypto army heating up

June 3, 2023

Gaming-Focused Layer-2 Crypto Project Surges by Over 90% After Announcement of New $80,000,000 Ecosystem Fund

June 3, 2023

Blockchain Association Files Another Amicus Brief Supporting Tornado Cash, Says Crypto Mixer Is ‘Simply a Tool’

June 3, 2023

Coinbase Derivatives Exchange To Launch ‘Institutional-Sized’ Bitcoin (BTC) and Ethereum (ETH) Futures Contracts

June 3, 2023

Breaking – Atomic Wallet Hacked, Crypto Analyst ZachXBT Investigates

June 3, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

June 4, 2023

Warren’s alleged work with short-seller shows anti-crypto army heating up

June 3, 2023

Sony Web3 Incubator Aims To Accelerate Japan’s Virtual Expanses

June 3, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.