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Ghana’s Debt Hits GH¢145 Billion
 
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21-May-2018  
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Ghana’s total public debt stock has reached GH¢145 billion.

Official figures released by the Bank of Ghana (BoG) show that this is the level of the country’s debt as of February 2018.

The figure also represents a debt to Gross Domestic Product (GDP) ratio of 60 per cent.

The external component of the debt is at $17.4 billion or GH¢76.9 million.

This also represents 31.8 per cent of GDP.

The domestic component of the debt is at GH¢68.2 billion. 

This represents GH¢28.2 per cent of GDP.

Comparing the absolute figures, Ghana’s debt stock rose from GH¢142.5 billion as of December 2017 to the GH¢145 billion presently.

This means that between December 2017 and February 2018, Ghana added about GH¢2.5 billion to her debt.

Meanwhile, in the banking industry, total assets stood at GH¢97.8 billion as of April 2018.

In addition, total deposits reached GH¢61.1 billion, with advances reaching GH¢36.8 billion in April 2018.
 
 
 
Source: The Finder
 
 

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