Sign in
Download Opera News App



Africa owes about $726.55 Billion. Nigeria owes $79.5 Billion (1st), followed by Ghana.

October 19, 2021

Never miss any news update from our channel. Kindly tap on the +Follow button on the top right corner of your screen to follow

As of 2021, the total external public debt in Africa amounted to 726.55 billion U.S Dollars, and only West Africa recorded about 164 billion U.S. dollars. Compared to the previous year, the amount of foreign public debt increased from 696.69 billion U.S. dollars. To break them down into countries, Nigeria and Ghana recorded the highest levels of debt in West Africa. Thus, approximately 79.54 billion US dollars. However, Gambia and Guinea-Bissau registered the lowest values, at 823 million US dollars and 381m US dollars respectively. Overall in Africa, a total external public debt of around 727 billion US dollars was reached at the same date.

The total external public debt in West Africa from the entire Africa amounted to around 164 billion U.S. dollars as of 2021. Nigeria and Ghana recorded the highest levels of debt in the region, at approximately 79.54 billion US dollars and 21.91 billion USD respectively. External debt is the portion of a country's debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions.

See below, the total external public debt of countries in West Africa:

1. Nigeria - 79,536 billion US dollars

2. Ghana - 21,907 billion US dollars

3. Cote D'Ivoire - 19,521 billion US dollars

5. Senegal - 13,665 billion US dollars

6. Mali - 5,128 billion US dollars

7. Guinea - 4,859 billion US dollars

8. Niger - 4,220 billion US dollars

9. Benin - 3,814 billion US dollars

10. Burkina Faso - 3,732 billion US dollars

11. Cape Verde - 1,951 billion US dollars

12. Sierra Leone - 1,826 billion US dollars

13. Togo - 1,426 billion US dollars

14. Liberia - 1,360 billion US dollars

15. Gambia - 823 billion US dollars

16. Guinea-Bissau - 382 billion US dollars

Are you surprised about these estimates?

Please drop down all your comments in the section given below.

Please like this article and share it with others too.

Follow for more quik updates.

Content created and supplied by: (via Opera News )

Africa Ghana U.S. US West Africa


Load app to read more comments