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Ghana’s debt stock hits GH¢304.6 billion – BoG

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Ghana’s debt stock rose by GH¢13 billion to hit GH¢304.6 billion as of March 2021

Latest figures from the Bank of Ghana’s Summary of Economic and Financial Data show that Ghana’s debt stock rose by GH¢13 billion to hit GH¢304.6 billion as of March 2021, representing 70.2% of Gross Domestic Product (GDP).

The additional GH¢13 billion debt came about between December 2020 and March 2021.

The $3 billion Eurobond raised by the government in March substantially constituted to the GH¢13 billion rise in debt.

Ghana’s total debt stock, as of December 2020 was GH¢291.6 billion.

Of the total debt stock, the domestic debt is GH¢163.6 (37.3% of GDP) as of the end of March 2021.

It was GH¢149.8 billion in December 2020.

The external debt component was GH¢141 billion (37.7% of GDP).

Source: classfmonline.com

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