The Central Bank of Ghana has released new figures which tells a story of Ghana's debt stock hitting 31.4billion dollars as at June 2017.
The debt stock was made public after the Monetary Policy Committee (MPC)meeting.
According to the Bank of Ghana data, the external component of the debt was $16.9billion, representing 36.9 percent of the GDP, while domestic debt was $14.5billion representing 31.6 percent.
In the same period under review, Ghana’s debt to GDP ratio stood at 68.6 percent, below the end of year target of 70 percent mark.
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Bank sector performance
In the banking sector, the publication showed that total assets of banks as at July stood at $20.2 billion, representing a 32.9 percent growth.
Total deposits was $12.6 billion cedis representing 32.0 percent in July 2017 while there was a marginal improvement on Non Performing Loans of banks as July recorded 20.9 percent compared to 21.2 percent in June 2017.