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The debt stock increased by GH¢108.3 billion between September and November 2021 and this represents 62.1% of GDP.
This was from GH¢271.7 billion in September 2022.
The total debt represents a debt-to-GDP ratio of 93.5% from that 75.9% in September 2022.
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In November last year, Finance Minister Ken Ofori-Atta appearing before the ad-hoc committee probing the grounds of censure filed by the Minority in Parliament, revealed that GH¢330 billion loan has been invested in One-District-One Factory, education, interchanges, Planting for Food and Jobs and other sectors that he claims have benefitted the state.
He said despite the astronomical increase in Ghana's debt stock, the focus should be on what the loans have been used for and their benefits to the nation.