Pulse.com.gh logo
Go


Fiscal Policy Ghana's total debt hits $145 billion

A summary of economic and fiscal data on the central bank's website noted that the new debt amounts to 60 percent of Gross Domestic Product (GDP).

  • Published: , Refreshed:
play Dr. Ernest Addison, BoG Governor

Ghana's total public debt has hit $145 billion in February from $143.9 in billion in January 2018, the Bank of Ghana has published.

READ MORE: Embattled Ex-Deputy Governor alleges BoG is broke

A summary of economic and fiscal data on the central bank's website noted that the new debt amounts to 60 percent of Gross Domestic Product (GDP).

Of the total debt, external debt amounted to $76.9 billion, thus 31.8 percent of GDP, while domestic debt was 68.2 percent, thus 28.2 percent.

The International Monetary Fund this month warned Ghana and other African countries high debt rate despite economic growth.

READ MORE: Cal Bank MD calls for restructuring of overburdened BoG

The high debt rate has been attributed to sub Saharan's bid to tap international debt markets and issue record levels of debt in foreign currencies, as well as granting high yields to investors.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 How to create a verified PayPal account Learn how to create a verified...bullet
2 RADP Ringier Ghana educates CCIFG members on Digital Marketing Strategiesbullet
3 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
4 How to write a memo How to write a memo like a probullet
5 How to create an NGO in Ghana How to register and start an NGObullet
6 1D1F: Nana Addo commissions diaper making factory in Bortianorbullet
7 10 banks in danger of not meeting BoG’s GH¢400m minimum capitalbullet
8 Menzgold suspends online trading; ask staff to go on leavebullet
9 Police arrest 6 Menzgold customers trying to lock up...bullet
10 Ghana Ports and Harbours Authority GPHA staff demands...bullet

Top Videos

1 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
2 Former Capital Bank staff grills pork for survivalbullet

Business

X
Advertisement