Ghana's debt burden has reduced signficantly - Budget 2018

By Kwabena Owusu-Ampratwum

Government, through prudent management of the economy has successfully reduced Ghana‟s debt burden. This was achieved as a result of a reduction in the fiscal deficit and a policy of debt re-profiling.

Thats according to Finance Minister Ken Ofori-Atta who says the debt to GDP ratio has declined from 73 percent at the end of December 2016 to 68.6 percent at the end of September 2017.

Presenting the budget to parliament he said the annual average rate of debt accumulation of 36.0 percent over the last four years, has declined over the last nine months to about 13.58 percent.