Ghana’s total public debt stock has shot up to GH¢575.7 billion at the end of November 2022.
This was contained in new data released by the Bank of Ghana (BoG) on Monday.
Ghana’s debt to Gross Domestic Product (GDP) ratio stands at 93.5% from 75.9% in September 2022, according to the latest debt figure by the Central Bank.
Also, the country’s debt stock increased by GH¢108.3 billion between September and November 2021.
Per the BoG’s January 2023 economic and financial data summary, the external component of Ghana’s public debt shot up to GH¢382.7 billion in November 2022, equivalent to 62.1% of GDP. This was from GH¢271.7 billion in September 2022.
Source: Ghana/Starrfm.com.gh/103.5 Fm
