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Ghana’s dept stock gone up by Ghs45.9billion, hits Ghs200billion

July 19, 2019by Kam Links0
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Ghana’s total dept stock is now Ghs200billion as at May2019. This means that in a period of one year that is from May 2018 to 2019, the country’s total dept stock has gone up by Ghs45.9billion. This was obtained from the report of the Bank of Ghana (BoG) in their summary of financial and economic data which has reviewed the main health of Ghana.

The data showed that out of Ghs200billion total dept stock, external dept accounted Ghs105billion on the dept expressed in dollar terms which is about $20billion.

The funds are reported to have been borrowed locally and internationally. The local funds stood at Ghs94.6billion representing 17.5% of Ghana GDP. The increase of the dept stock has attributed to the Ghana Cedi marginally depreciated and the recent clean up of the Banking and non Banking sectors of the economy.

 

 

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