Ghana’s total debt stock has increased from GHS274.1 billion in September 2020 to GHS286.9 billion as at November 2020, according to the Central Bank.
This means that government spent about GHS12.8 billion between September and November last year.
The data released on 29 January 2021 puts external debt at GHS139.6 billion representing 36.2% of Gross Domestic Product (GDP).
Domestic debt on the other hand, according to the latest summary of Economic and Financial Data, was GHS147.3 billion representing 38.2% of GDP.
The release of the latest debt stock figure comes ahead of the announcement of a new policy rate by the Monetary Policy Committee which currently stands at 14.5%.
Meanwhile, the economic management team has been meeting since Wednesday to review the health of the economy.
Below is the full data:
Summary of Economic & Financial Data – January 2021
Fred Dzakpata
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