Categories: NEWS

Ghana’s Total Public Debt Stock Reached An All Time High Of GH¢291.6 billion…


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KEN OFORI-ATTA, MINISTER OF FINANCE

Ghana’s total public debt stock reached an all time high of GH¢291.6 billion, in December 2020, approximately 76.1% of GDP, the Bank of Ghana said.

According to the figures, external debt alone stood at GH¢141.8 billion, approximately US$24.7 billion. This is also equivalent to 37.0% of GDP.

The domestic debt was however slightly higher at GH¢149.8 billion at the end of 2020, about 39.1% of GDP.

The financial sector debt also stood at GH¢15.3 billion in December 2020


Godfred Meba

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