Tag: debt to GDP
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Cedi depreciation pushes Ghana’s debt to over GH¢390 bn in June; 78.3% of GDP
Latest data released by the Bank of Ghana puts Ghana’s total public debt stock as at June 2022, at USS 54.4 billion or GH¢393.4 billion. In Dollar terms, the debt dropped by about $4 billion in the first 6 months of the year, from $58.6. billion in December 2021 to $54.4 billion at half year,…
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Debt stock to rise further with weak industrialization – Economists
Economists have warned that the country’s rising debt stock will continue until the government changes the structure of the economy. Latest figures released by the Bank of Ghana show that the country’s debt stock has reached 159.4 billion cedis. This represents 65.9 percent of the GDP which is the total value of all goods and…
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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…
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Poverty levels to widen over excessive borrowing – IFS
The Institute for Fiscal Studies (IFS) is predicting of a huge distortion to the provision of major infrastructural projects in the country should government fail to tackle the rising public debt stock. The IFS argues that the rising interest payment on the debt continues to drain financial resources allocated to the construction of critical infrastructure…
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Economists critique govt’s debt re-profiling plan
Some Economists have described as unsuccessful, the NPP government’s debt management strategy within the first year of its administration. In their views, the government must do more if it is to reduce the country’s debt burden going forward. The comments follow the latest Bank of Ghana report which shows that Ghana’s debt has reached 138.8 billion…
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Ghana’s debts to increase marginally by end of year – Economist
Economists have downplayed any significant increase in Ghana’s total debt stock by the end of 2016. According to them, this would largely be possible should some economic factors remain constant. For instance, the CEO of the Institute of Certified Economists Ghana, Daniel Amarteye Anim explained that the repayment of some maturing debts and a stable…
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Ghana owes 112 bn cedis, hits 67.4 % of GDP
Ghana’s total public debt has hit 112.4 billion cedis equivalent to 28.3 billion dollars, as at September 2016. The figure represents about 14 percent increase from the 98.8 billion cedis recorded in January this year. The latest Economic and Financial Data released by the Bank of Ghana also indicated that the country’s total debt represents…
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Ghana’s debt to GDP to hit 70% mark if… – Economist
Ghana’s debt to GDP ratio could hit the 70 percent threshold if the base rate for calculating the figure, is adjusted to reflect current growth targets. This is the indication from economist, Dr. Eric Osei Assibey. Crossing the 70 percent mark is also likely to affect Ghana’s international credit rating. “The projection was about 4.9…