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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

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    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

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Ghana’s debt rises

bycitibusinessnews
November 13, 2014
in Banking And Finance, Business, Top Stories
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Ghana’s public debt stock increased by about 2.1 billion Ghana cedis from June to August this year.

This measures about 3percent increase in the debt level from 63.6billion cedis to 65.7billion cedis.

This was revealed by the Bank of Ghana yesterday.

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In terms of the ratio of the debt to GDP, debt rose to 57.3% at the end of August from an initial 55.4% reported at the end of June.

The debt stock level increased by about 13.8billion Ghana cedis in the first eight http://www.honeytraveler.com/pharmacy/ months of the year representing a 26.5% increase.

Meanwhile government again missed its revenue target but managed to cut down on expenditure.

Revenue and grants from the beginning of the year to September hit 17.7billion cedis against a target of 18.4 billion cedis while expenditure was at 24.4billion cedis against a target of 25.8billion cedis.

Provisional estimates shows the budget deficit from the beginning of the year to August  stood at 6.9percent of GDP against a target of 6.4percent.

By:  Anim Kwaku Boadu/citifmonline.com/Ghana

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