{"id":164662,"date":"2024-03-22T23:36:04","date_gmt":"2024-03-22T23:36:04","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/03\/22\/ghana-ended-2023-with-gh%e2%82%b5610bn-public-debt-a-27-increase\/"},"modified":"2024-03-22T23:36:04","modified_gmt":"2024-03-22T23:36:04","slug":"ghana-ended-2023-with-gh%e2%82%b5610bn-public-debt-a-27-increase","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/03\/22\/ghana-ended-2023-with-gh%e2%82%b5610bn-public-debt-a-27-increase\/","title":{"rendered":"Ghana ended 2023 with GH\u20b5610bn public debt; a 27% increase"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Ghana\u2019s public debt increased to GH\u20b5610 billion as at December 2023.<\/p>\n<p>Comparatively, this is a 26. 85 percent rise from the GH\u20b5446.3 billion recorded in December 2022.<\/p>\n<p>The new debt figure represents 72.5 % of Gross Domestic Product.<\/p>\n<p>According to the Bank of Ghana\u2019s Summary of Economic and Financial Data for March 2024, the country\u2019s public year-to-date debt level increased by GH\u20b5 163.7 billion despite the successful completion of the domestic debt exchange.<\/p>\n<p>In dollar terms, the total debt stock stood at US$52.4 billion largely due to the free fall of the local currency.<\/p>\n<p>External debt accounted for GH\u20b5350.3 billion (US$30.1 billion), while domestic debt accounted for GH\u20b5259.7 billion representing 30.9 percent of GDP.<\/p>\n<p>While the external debt went up by GH\u20b5 109.4 billion that of domestic debt also increased marginally by GH\u20b5 54.3 billion.<\/p>\n<p>Nominal GDP increased from GH\u20b5614.3 billion to GH\u20b5841.6 billion.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ghana\u2019s public debt increased to GH\u20b5610 billion as at December 2023. Comparatively, this is a 26. 85 percent rise from the GH\u20b5446.3 billion recorded in December 2022. The new debt figure represents 72.5 % of Gross Domestic Product. According to the Bank of Ghana\u2019s Summary of Economic and Financial Data for March 2024, the country\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":67066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-164662","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana ended 2023 with GH\u20b5610bn public debt; a 27% increase - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/03\/22\/ghana-ended-2023-with-gh\u20b5610bn-public-debt-a-27-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana ended 2023 with GH\u20b5610bn public debt; a 27% increase - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Ghana\u2019s public debt increased to GH\u20b5610 billion as at December 2023. Comparatively, this is a 26. 85 percent rise from the GH\u20b5446.3 billion recorded in December 2022. The new debt figure represents 72.5 % of Gross Domestic Product. 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