Ghana’s debt stock hits GH¢159.4 billion

Ken Ofori Attah FfFinance Minister, Ken Ofori-Atta

Ghana’s public debt stock is now GH¢159.4 billion as of 30 August 2018, according to the Bank of Ghana’s September summary of Economic and Financial data.

Per the data, the debt stock rose by GH¢5.1 billion between May 2018 and August 2018.

Domestic debt accounted for GHS73.8 billion of the total debt stock, representing 30.6 per cent of the Ghanaian economy’s total value.

Loans taken by the government from outside the country totaled $18.2 billion (GH¢85.5 billion) of the total debt, representing 35.4 per cent of Gross Domestic Product (GDP).

The total debt stock of GH¢159.4 billion represents 65 per cent of Ghana’s GDP.

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