Ghana’s debt stock now GHC173.2 billion

Figures released by the Bank of Ghana(BoG) in its latest Summary of Economic and Financial Data show that Ghana’s debt stock increased by 21.5 percent in 2018.

By this, the country added 30.6 billion cedis to its debt stock in 2018.

The debt stock at the end of 2017 stood at 142.6 billion cedis, increasing to 173.2 billion cedis in 2018.

The government in the period raised a number of bonds including Eurobond and domestic bonds to embark on infrastructure development and also retire some maturing debts.

A breakdown of the data from the Central Bank shows that the external and domestic components of the debt in cedi terms are almost the same.

The external debt at the end of 2018 stood at 86.3 billion cedis while the domestic component hit 86.9 billion cedis.

Both figures represent 28.9 percent and 29.1 percent of GDP respectively. Read Full Story