The region has faced severe macroeconomic conditions marked by
low commodity prices and foreign currency crises. Companies have
sought to manage their exposures, and businesses have struggled to
meet their obligations. This situation has necessitated the need to
redefine efficiency and explore new options in unlocking value.
What does 2017 hold for the restructuring industry?
Low commodity prices, exchange rate fluctuations and decline in
government spending have left many West Africans under strain.
Nigeria, for instance, has experienced a "perfect storm"
of economic and political events which have placed significant
pressure on the economy.
In order to explore the implications for the restructuring
market in 2017, we surveyed a cross-section of key restructuring
professionals in Nigeria and Ghana to obtain a better understanding
of where the industry is now and what their expectations are for
2017. These responders were selected from a mix of commercial
