Ghana’s debt stock now at GHC138.8 Billion

Tracking public debt

The country’s total debt stock reached ¢138.8 billion as of November 2017 according to the latest Bank of Ghana economic and financial data report.

Breakdown of the debt numbers
The report released Friday showed that the debt went down marginally from ¢138.9 billion in September as compared to ¢138.8 billion in November.

However, the Central Bank’s data showed that from October to November 2017 the total debt stock rather went up from ¢137.6 to ¢138.8 billion.

External debt stood at ¢74.7 billion cedis; an equivalent of $16.9 million, accounting for 37 percent of the total value of the economy.

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Domestic debt component of the total amount stood at ¢64.2 billion; this is about 31.2 percent debt-to-GDP ratio.

More to follow.

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Gideon Sarpong

2017 Thomson Reuters Fellow: Gideon Sarpong (G. K. Sarpong) is a media practitioner with over six years of experience in content development and management, data and investigative journalism, policy analysis, production and e-commerce strategizing. Gideon is currently Director of Policy and Content Analysis at iWatch Africa. He is also the Brands and Communication Manager for Football 360, Kwese SportsXtra, on KFS and Celebrity Fanzone, The Tonight Show, and After Hours. Gideon is an e-commerce consultant for Department of Geography & Regional Planning and Department of Religion & Human Values at the University of Cape Coast. He is also a farmer and columnist for several local and international news portals. Gideon holds a Post Graduate Diploma in Policy Journalism and Illicit Financial Flows in Africa and is committed to promoting transparency and accountability using investigative & data journalism and the power of the new media. Gideon is an author with over eight publications and a Fellow of the Young African Leadership Initiative (YALI).

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