The country’s total debt by July is at 159.4 billion cedis, a new data by the Bank of Ghana has said.
The figure represents 65.9 percent of the GDP.
The external component of the debt stood at 18.2 billion U.S dollars, while the domestic debt hit 73.8 billion cedis.
The data showed that the total debt stock increased by 5.1 billion cedis from 154.3 billion cedis in May, to 159.4 billion cedis in July 2018.
The data was released after the Monetary Policy Committee concluded its meeting.
The country’s export hit 10 billion dollars, while imports was at 8.7 billion dollars in August this year.
Cocoa and gold fetched Ghana 1.4 billion and 3.7 billion dollars in August respectively.
Export of oil also fetched the country 2.9 billion dollars in the same period.