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Ghana’s Debt Stock Now At GH¢138.8b

Ken Ofori Atta, Finance Minister

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.

According to the report released on Friday, 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.

Domestic debt component of the total amount stood at ¢64.2 billion; this is about 31.2 percent debt-to-GDP ratio.

Source: Ghana/StarrFMonline.com/103.5FM

About Efo Korsi Senyo | Executive Editor

Efo Korsi Senyo has over 5 years experience working as an investigative journalist with Awake Africa. He is the Executive Editor of Awake Newspaper and Head of Awake Investigates. Efo does not only investigate and publish based on the journalism profession ethics but he also brings legal and civil actions against personalities and institutions he investigated. He said fighting against injustice and corruption in society as the only way for him to avenge injustice and corrupt acts he and other vulnerable people faced and continue to face in society. Efo is also a private investigator, IT expert and entrepreneur. Connect with him via senyo@awakeafrica.com or WhatsApp: +233249155003

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