Ghana’s public debt has hit GHC145 billion as of February this year, the Central Bank has announced.
The development means that the government spent about GHC3.5 billion from September to December last year, according to the latest Summary of Economic Data released by the Central Bank after a review of development in the economy by the Monetary Committee of the Bank.
The data puts external debt at GHC76.9 billion with domestic debt at GHC68.2 billion.
The total debt is expected to go up in the coming months due to moves by the ruling New Patriotic Party (NPP) government to issue two separate bonds to help retire mature debt and also finance some critical projects in the economy.
See summary of Economic and Financial Data for May 2018 below
- We do not benefit from high interest rates – BoG replies Togbe Afede
- BoG spent GH¢1.62 billion on 2,203 employees – Togbe Afede XIV
- Tweneboa Kodua Fokuo appointed Managing Director of National Investment Bank
- BoG fully committed to oversight responsibility of financial institutions in Ghana – Governor
- Financial sector clean-up: 900 people dead, pay us by June 30 - GCFM customers to government
- Read all related articles