Ghana’s public debt increases to GH?575.5bn

Ghana’s public debt has increased to GH?575.5 billion as of June 2023, representing 71.9% of GDP.

This is a marginal difference of GH?6.3 billion compared to the GH?569.2 billion recorded in April 2023.

According to the Bank of Ghana’s Summary of Economic and Financial Data for August 2023, the country’s public debt has increased by GH?27.7 billion since January 2023.

In dollar terms, the total debt stock stood at US$52.3 billion as of June 2023.

External debt accounted for GH?328.6 billion (US$29.9 billion), while domestic debt accounted for GH?246.9 billion.

Nominal GDP, on the other hand, remained at GH?800.9 billion as of June 2023, a figure that has not seen any increase since January 2023 but has gone up from the GH?610.2 billion recorded in June 2022.

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