Ghana’s total debt stock hits GHC208.6bn

Ghana’s total debt stock has hit GHS208.6 billion, according to new data from the Bank of Ghana.

The stock rose by GHS3.1 billion between July and September.

Per the central bank’s Summary of Economic and Financial Data, the current debt stock represents 60.3 per cent of Ghana’s GDP.

A total of $20.1 billion dollars added to the stock as external debt while the domestic debt shot up from GHS98.3 billion as of July to GHS101.4 billion by September this year.

Ghana’s total debt stock as of November 2018 was GHS170 billion, which was 57.2 per cent of GDP.

Source: classfmonline.com