- About five countries in Africa are facing a severe debt crisis and high inflation
- Ghana leads the list as it battles the worst economic crisis in 40 years and a looming debt default
- Other countries reportedly face debt crises which may result from defaults and currency crisis
Developing countries in Africa are battling a severe debt crisis as they continue to face macroeconomic challenges that pose a drawback to debt servicing and economic growth.
These countries face reduced economic growth and are forced to explore debt restructuring options or face financial instability and complete economic catastrophe.
