The latest summary and financial data of the Bank of Ghana shows that our debt stock has reached GH₵ 761.2 billion, representing 75.7 percent of the country’s gross domestic product (GDP) as of July 2024.
This represents a 70.3 percent increase from the same period last year.
The country’s debt stock for the same period last year was GH₵587.7 billion.
The latest Summary of Economic and Financial Data of the Bank of Ghana released in September 2024 indicated that the external component of the debt hit US$31.6 billion from US$30 billion in the same period last year, representing 46.1 percent of GDP.
The domestic component of the debt was GH₵290.9 billion, representing 28.5 percent of the GDP.
Based on the current population, each Ghanaian share of the national debt is estimated at GH₵22,076 as of July 2024.
By: Rainbowradioonline.com/Ghana
