Tag: 70% Debt to GDP
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Fiscal deficit compression key to reducing growing debt stock – Economist
Government will have to focus its attention on fiscal deficit compression in the new year in order to bring the country’s debt level under control. This is the assertion of an economist with Databank, Courage Martey. Ghana’s total public debt stock rose by GHS54.8 billion in the first nine months of this year, hitting GHS273.8…
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Ghana’s debt hits GH¢142.5bn, reaches 69.8% of GDP
New figures released by the Bank of Ghana (BoG) after its Monetary Policy Committee (MPC) meeting show that Ghana’s public debt reached 142.5 billion cedis as at December 2017, representing 69.8 percent of GDP. This is a reduction from the 73.3 percent recorded in December 2016. The total debt stock in 2016 was at 122.6…