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Ghana’s debt stock pegged at GHc 205.5bn as at July 2019

Finance Minister, Ken Ofori Atta

New data released by the Bank of Ghana shows that the country’s total debt stock has hit 205.5 billion cedis as at July 2019, representing 59.4 percent of GDP.

The data shows that between May and July this year Ghana’s debt stock increased by 5.5 billion cedis.

By May 2019, the debt stock was at 200 billion cedis.

Read: Less than 10% of total loans retrieved from debtors of collapsed banks – BoG

Comparing the debt stock to the same period in 2018, the figure was at 159.7 billion cedis which represented 53.5 percent of the GDP at the time.

A breakdown of the deb stock shows that the external component was at 20.4 billion dollars representing 31 percent of GDP.

The domestic side is made up of 98 billion cedis representing 28.4 percent of GDP.