ADVERTISEMENT

Ghana’s debt stock hits ¢402.4bn - BoG report

The Bank of Ghana’s Summary of Economic and Financial Data for October 2022 has revealed that the country’s debt stock as of July 2022 is ¢402.4 billion.

Ghana’s debt stock hits ¢402.4bn - BoG report

The debt rose by ¢9 billion.

ADVERTISEMENT

The total debt represents 68% of the Gross Domestic Product.

The World Bank had projected a debt-to-debt ratio of 104.6% by the end of 2022 in its latest Africa Pulse Report, in which it classified Ghana as a highly debt-distressed country.

The debt stock, in dollars, dropped from $54.4 billion in June to $53.2 billion in July 2022.

The external debt hovered at $28 billion, representing 35.8% of GDP.

The domestic debt went up from ¢190.1 billion in June 2022 to ¢190.3 billion in July 2022

Since January 2022, the domestic debt has been on a study climb: ¢181.9 billion in January 2022, ¢185.4 billion in February 2022, ¢190.1 billion in March 2022, ¢189.2 in April 2022 and ¢188.5 billion in May 2022.

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.com.gh

ADVERTISEMENT