New figures from the Bank of Ghana has shown that the country’s total public debt as at May this year has hit GHS137 billion.
By this, the debt-to-GDP ratio is now at 67.5%. this was contained in the economic and financial data released by the central bank at the end of its Monetary Policy Committee meeting.
According to the report, the debt stock increased by GHS9.4 billion in three months from GHS127.8 billion to ¢137.2 billion.
The External component of the debt was $17.1 billion, while domestic debt was at about ¢63.9 billion.
In all, the GHS137 billion debt stock recorded at the end of May was more than the GHS105 billion recorded in the same period for last year.
By: Lawrence Segbefia/citibusinessnews.com/Ghana
Published on 22 July 2017 | 5:16 pm at Source