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.
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
