
Ghana’s public debt hits ¢304.6 billion
• Ghana’s public debt has risen by ¢3 billion
• This was revealed the latest BoG summary of Economic and Financial Data
• The $3 billion Eurobond is a contributing factor
Ghana’s public debt stock is now ¢304.6 billion.
According to the latest Bank of Ghana (BoG) summary of Economic and Financial Data, it is a rise from ¢3 billion in March 2021.
It is equivalent to 70.2% of Gross Domestic Product (GDP), lower than the 76.1% registered in December 2020.
The $3 billion Eurobond raised by the country in March 2021 also accounted for this jump in the debt.
In a JoyNews reportage sighted by GhanaWeb, ¢13 billion was added to the country’s debt between December 2020 and March 2021, and at the end of the year 2020, Ghana’s public debt stood at ¢291.6 billion.
Enjoy all ur favorite radio stations around the world on tuneon Radio Click on the link to listen
The report further stated that Ghana’s external debt stood at ¢141 billion ($24.6 billion) in March 2021, as against ¢141.8 ($24.6 billion). This is approximately 37.7% of GDP.
“Importantly, the financial sector debt went down by ¢100 million to ¢15.2 billion. It is equivalent to 3.5% of GDP.
“The debt could go down if levies collected to settle the financial sector debt is used to settle part of it,” the report added.
You must be logged in to post a comment.