Most Sub-Saharan African (SSA) countries have been faced with fiscal sustainability issues in recent times. While some of these issues are peculiar on a country-by-country basis, the general themes dominating the region include swelling debt stock, increasing budget deficit and weakening fiscal sustainability metrics. The surging inflation in the region has also kept the real rate of return for most countries in the negative.
In this report, we take a macro-view at the fixed income markets of four (4) SSA countries: Nigeria, Ghana, Kenya, and South Africa.
