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Ghana’s debt stock hits ¢344.5 billion

January 29, 2022

The latest January 2022 Bank of Ghana Summary of Economic and Financial Data has revealed.that Ghana’s public debt stock has shot up by ¢2.7 billion.

This has increased the debt stock to ¢344.5 billion in November 2021.

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By this update, the debt to Gross Domestic Product (GDP) is now 78.4%.

According to the BoG, the country’s debt has reached disturbing levels.

The data shows that ¢2.7 billion fresh loans, largely domestic debt, was added to the total debt in October 2021 and November 2021.

Also, the domestic debt went up to ¢179.4 billion in November 2021, from ¢178.1 billion recorded in September, 2021.

The figure represents 40.8% of GDP.

The central bank’s statement further disclosed that the external debt remained unchanged at $27.9 billion in November 2021, from September, 2021.

The figure represents 37.6% of GDP.

By: Rainbowradioonline.com/Ghana

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