Current figures from the Bank of Ghana (BoG) indicates that the country’s total public debt as at May 2017 hit GH₵137.2 billion and as a result, the latest debt-to-GDP ratio is now at 67.5%.
The new figure was contained in the economic and financial data released by the Central Bank at the end of its Monetary Policy Committee meeting.
The report revealed that the debt stock increased by GH₵9.4 billion in three months from GH₵127.8 billion to GH₵137.2 billion.
It was disclosed in the report that external debt was 17.1 billion dollars, while domestic debt was at about GH₵63.9 billion.
In comparison, the GH₵137 billion debt stock recorded at the end of May is more than the GH₵105 billion recorded as at the same period in 2016.
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primenewsghana.com/Ghana News