The country’s public debt has risen to Ȼ92.2 billion cedis, Finance Minister Seth Terkper has revealed.
According to Seth Terkper, the economy has suffered major shocks for the past three years.
Hon Seth Tekper in Parliament
The new figures according to him is an improvement in government’s efforts at controlling the country’s public debt.
The numbers were made known when Seth Terkper presented the 2016 Budget and Economic statement of the government.
Click to read the full budget statement:2016 Budget Statement and Economic policy
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According to him, the economy has suffered major shocks for the past three years. The shocks he said include disruptions in gas supply for two and half years and simultaneous falls in gold and cocoa prices.
