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

Gideon Sarpong is a media practitioner with over six years experience in data and investigative journalism. Gideon is currently the Policy and News Director at iWatch Africa. His major role includes developing news strategy for correspondents as well as designing project and policy focus for the organisation. Gideon is a firm believer in the use of data journalism and technology for development in Africa. He is also an author with over eight publications; a fellow of the Young African Leaders Initiative (YALI), Thomson Reuters Foundation (Wealth of Nations Program), Commonwealth Youth Program (DYLP) and Bloomberg Data for Health Program. Gideon holds a PgD in Policy Journalism and Media Studies and is committed to promoting transparency and accountability in Africa.

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