{"id":202666,"date":"2024-07-24T09:28:05","date_gmt":"2024-07-24T09:28:05","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/07\/24\/ghanas-public-debt-now-stands-at-gh%c2%a2742bn-amin-adam\/"},"modified":"2024-07-24T09:28:05","modified_gmt":"2024-07-24T09:28:05","slug":"ghanas-public-debt-now-stands-at-gh%c2%a2742bn-amin-adam","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/07\/24\/ghanas-public-debt-now-stands-at-gh%c2%a2742bn-amin-adam\/","title":{"rendered":"Ghana\u2019s public debt now stands at GH\u00a2742bn \u2013 Amin Adam \u2013"},"content":{"rendered":"

<\/p>\n

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Dr. Mohammed Amin Adam, the Minister of Finance, has announced that government\u2019s debt has reached GH\u00a2742.0 billion (US$50.9 billion) as of the end of June 2024.<\/strong><\/p>\n

The sum, according to the Minister, is equivalent to 70.6 per cent the country\u2019s Gross Domestic Product (GDP).<\/p>\n

The depreciation of the cedi, the Minister has noted, has contributed to a 22 per cent rise of the debt, as well as creditors\u2019 disbursements.<\/p>\n

READ ALSO: Amin Adam\u2019s conviction that Ghana\u2019s economy is on recovery path a mirage \u2013 Adongo<\/p>\n

\u201cThis indicates an increase of 22.0 per cent due to the effect of the cedi depreciation and the continuous disbursements from creditors,\u201c he indicated whilst speaking in Parliament during the presentation of the 2024 mid-year budget review Tuesday, July 23, 2024.<\/p>\n

Dr. Amin Adam disclosed further that GH\u00a2452.0 billion constituting 60.9 per cent out of the total debt was external, with the remaining GH\u00a2290.0 billion being domestic debt, accounting for 39.1 per cent of the total.<\/p>\n

\u201cAs a percentage of GDP, external and domestic debt represented 43.0 percent and 27.6 percent, respectively,\u201d he said.<\/p>\n

onuaonline.com <\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Dr. Mohammed Amin Adam, the Minister of Finance, has announced that government\u2019s debt has reached GH\u00a2742.0 billion (US$50.9 billion) as of the end of June 2024. The sum, according to the Minister, is equivalent to 70.6 per cent the country\u2019s Gross Domestic Product (GDP). The depreciation of the cedi, the Minister has noted, has contributed […]<\/p>\n","protected":false},"author":1,"featured_media":127955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-202666","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nGhana\u2019s public debt now stands at GH\u00a2742bn \u2013 Amin Adam \u2013 - 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\/07\/24\/ghanas-public-debt-now-stands-at-gh\u00a2742bn-amin-adam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana\u2019s public debt now stands at GH\u00a2742bn \u2013 Amin Adam \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Dr. Mohammed Amin Adam, the Minister of Finance, has announced that government\u2019s debt has reached GH\u00a2742.0 billion (US$50.9 billion) as of the end of June 2024. 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