Tag: public debt stock
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Ghana’s public debt stock jumps to GHS 569.3bn; represents 71.1% of GDP
Ghana’s public debt has risen to GHS 569.3 billion as of April 2023. Per the Bank of Ghana’s figures, this represents a GHS 134.7 billion increase since January 2023. In dollar terms, the total debt stock stood at US$ 52 billion. The increase amounts to 71.1 percent of Gross Domestic Product (GDP). External debt for…
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Ghana’s debt stock rises to GH¢341.8 billion, nearly 78% of GDP
An additional GH¢1.5 billion has pushed Ghana’s public debt stock to GH¢341.8 billion as of September 2021. Standing at GH¢340.3 billion in August this year, the new figure represents a marginal 0.44 percent increase in the country’s debt stock. On a year-to-year basis, the debt stock has seen a 24.7% increase compared to GH¢274.1 billion…
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Ghana’s debt crosses GHS300 billion mark as debt-to-GDP ratio drops to 70.2%
Ghana’s total public debt stock has increased once again according to new data released by the Bank of Ghana. The debt stock which ended 2020 at GHS291.6 billion, saw about GHS13 billion being added in the first quarter of 2021. This represents an increase of about 4 percent, and brings Ghana’s total public debt as…
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Ghana’s debt stock rises to nearly 75% of GDP, as COVID-19 expenditure grows
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…
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![[Article] Ghana’s monstrous debt: a flashback of pre-HIPC levels](https://citibusinessnews.com/wp-content/uploads/2019/10/Ofori-Atta.jpg)
[Article] Ghana’s monstrous debt: a flashback of pre-HIPC levels
Spotting his favourite white African kaftan with a Ghanaian flag pin adorning the pocket, Ghana’s Finance Minister, Ken Ofori-Atta, appeared before legislators in July presenting the mid-year budget review, he announced measures being instituted to shore up tax collection. The government has been struggling for the past two years to meet its revenue collection targets,…
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Growing external debt component is cause for concern – Prof. Quartey
Director of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has cautioned that the cedi is at risk of depreciation due to the rising external component of Ghana’s public debt. Out of the total GHS200 million debt figure as at May this year, the external component reached GHS105.4 billion…
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Ghana’s debt stock hits 200 billion cedis by May
Data released by the Bank of Ghana shows that the country’s total debt stock has hit 200 billion cedis by May 2019. The data shows that the debt stock increased by 2 billion cedis in three months from March to May. The external component of the debt is pegged at 20.5 billion dollars while the…
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Ghana’s debt increases to 170.8 billion cedis – BoG
Ghana’s total debt stock has reached 170.8 billion cedis as at September 2018. A summary of economic figures released by the Bank of Ghana shows that between July and August 2018, the country added 11.4 billion cedis to its debt stock. But calculating this as a percentage of GDP, Ghana’s debt represents 57.2 percent. The…