No Result
View All Result
Saturday, December 2, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana Airports Company (GACL) Earns Top Honor as ‘Most Profitable’ State-Owned Enterprise at PELT Awards 2022

    IMF: Ghana has fulfilled obligations, awaiting creditor action on debt restructuring

    IMF, World Bank work to accelerate debt treatment for Ghana, others under G20

    Zambia advises Ghana to have restrictive laws on debt accumulation 

    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

    2024 budget: Government commits to more expenditure cuts, aggressive growth, jobs

    Customer Service Week: Pan-African Savings and Loans provides medical services to clients

    Former Capital Bank CEO Ato Essien jailed 15 years

    NPA sanctions seven OMCs for illicit fuel distribution

    Gold Coast Fund Management Company customers begin day 2 of protest at Finance Ministry

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Zenith Bank @ 18 – Celebrating a legacy of financial excellence

    Former Capital Bank CEO Ato Essien jailed 15 years

    IMF clarifies Ghana’s growth rate projection

    NPA sanctions seven OMCs for illicit fuel distribution

    Gold Coast Fund Management Company customers begin day 2 of protest at Finance Ministry

    IMF awaits Ghana’s agreement with bilateral creditors before releasing next tranche of $3bn bailout

    Development Bank Ghana set to diversify financial offerings by introducing equity fund alongside lending activities.

    Access Bank registers a GH¢0.30 increase in its share price as the local stock exchange witnesses no declines

    Ghana’s 3% economic growth an indication of a resilient economy – IMF Mission Chief

  • TECHNOLOGY

    Ghana loses GHS 49.5 million to cyber fraud in nine months

    Nigeria aims for $5 billion tech investment by 2027

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    A look into how business in Nigeria has fared since President Tinubu’s election

    The effect of the Israel-Gaza conflict and national census ripples across SA’s economy

    West Africa records growth despite coups and underperformance of its largest economies

    World Bank projects Africa’s economy to slow down to 2.5%

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Nigeria aims for $5 billion tech investment by 2027

    Punitive domestic tariffs threaten African trade

    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana Airports Company (GACL) Earns Top Honor as ‘Most Profitable’ State-Owned Enterprise at PELT Awards 2022

    IMF: Ghana has fulfilled obligations, awaiting creditor action on debt restructuring

    IMF, World Bank work to accelerate debt treatment for Ghana, others under G20

    Zambia advises Ghana to have restrictive laws on debt accumulation 

    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

    2024 budget: Government commits to more expenditure cuts, aggressive growth, jobs

    Customer Service Week: Pan-African Savings and Loans provides medical services to clients

    Former Capital Bank CEO Ato Essien jailed 15 years

    NPA sanctions seven OMCs for illicit fuel distribution

    Gold Coast Fund Management Company customers begin day 2 of protest at Finance Ministry

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Zenith Bank @ 18 – Celebrating a legacy of financial excellence

    Former Capital Bank CEO Ato Essien jailed 15 years

    IMF clarifies Ghana’s growth rate projection

    NPA sanctions seven OMCs for illicit fuel distribution

    Gold Coast Fund Management Company customers begin day 2 of protest at Finance Ministry

    IMF awaits Ghana’s agreement with bilateral creditors before releasing next tranche of $3bn bailout

    Development Bank Ghana set to diversify financial offerings by introducing equity fund alongside lending activities.

    Access Bank registers a GH¢0.30 increase in its share price as the local stock exchange witnesses no declines

    Ghana’s 3% economic growth an indication of a resilient economy – IMF Mission Chief

  • TECHNOLOGY

    Ghana loses GHS 49.5 million to cyber fraud in nine months

    Nigeria aims for $5 billion tech investment by 2027

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    A look into how business in Nigeria has fared since President Tinubu’s election

    The effect of the Israel-Gaza conflict and national census ripples across SA’s economy

    West Africa records growth despite coups and underperformance of its largest economies

    World Bank projects Africa’s economy to slow down to 2.5%

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Nigeria aims for $5 billion tech investment by 2027

    Punitive domestic tariffs threaten African trade

    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Ghana’s debt stock rises to nearly 75% of GDP, as COVID-19 expenditure grows

byBobbie Osei
January 29, 2021
in Economy, General, Local Economy, News, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

Ghana’s debt situation continues to deteriorate as shown by new figures released by the Bank of Ghana.

Total public debt stock at the end of November 2020 rose to GH¢ 286.9 billion representing a year-on-year increase of 33.69% over the total public debt stock recorded at the end of November, 2019, adding more pressure on the government to slow down the rate of debt accumulation.

The new debt figure pushes Ghana’s debt to GDP ratio to almost 75 % at the end of the eleventh month of 2020 from the 61.4 % recorded at the end of November in 2019.

ADVERTISEMENT

A breakdown of the debt numbers shows that the component of the debt secured outside the country remained relatively stable from July to November, rising marginally (GH¢ 3 billion) to GH¢ 139.6 billion, and this is about 36.2 % of the total value of the economy which is projected to be about GH¢ 385 billion.

On the other hand, the component of the debt secured locally has rose significantly from July to November (GH¢ 25 billion) to GH¢147.3 billion, representing 38.2 percent of GDP.

Related Posts

Local Economy

Ghana Airports Company (GACL) Earns Top Honor as ‘Most Profitable’ State-Owned Enterprise at PELT Awards 2022

bycitibusinessnews

Ghana Airports Company Limited (GACL) has earned the prestigious title of "Most Profitable State-Owned Enterprise" for the year 2022 at...

Read more

IMF: Ghana has fulfilled obligations, awaiting creditor action on debt restructuring

IMF, World Bank work to accelerate debt treatment for Ghana, others under G20

Zambia advises Ghana to have restrictive laws on debt accumulation 

Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

2024 budget: Government commits to more expenditure cuts, aggressive growth, jobs

Customer Service Week: Pan-African Savings and Loans provides medical services to clients

Former Capital Bank CEO Ato Essien jailed 15 years

Next Post

Mobile Money Interoperability transactions went up by 367% in 2020

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.