The list of the 20 most indebted African countries + See how much they owe!

7. Ghana – $11,230,000,000

Ghana is an emerging market. Ghana leadership is working towards making it first African nation to become a developed country between 2020 and 2029. The stock exchange of Ghana is the fifth largest in Africa. Ghana’s public stock as a percentage of GDP as of September 18 2014 stood at 60.8 percent. In December 2012 Ghana’s external debt was estimated at $11.2 billion.

External debt in Nigeria averaged $5943.38 from 2008 to 2015. In December 2012 the oil-rich nation’s debt was estimated at $10.1 billion.