Home Business Ghana’s Public Debt has increased by GHc3 Billion.

Ghana’s Public Debt has increased by GHc3 Billion.

by The Ghana HIT

The minister of Finance has revealed that the public Debt of Ghana is currently at GHc304.6 billion. The latest summary of Economic and Financial data from the Bank of Ghana indicates an increase of the debt by GHc3 billion. As at the end of the year 2020, the national debt was at GHc291.6 billion, between December 2020 and May 2021 the debt has increased by GHc13 billion.

The report read, “Importantly, the financial sector debt went down by GHc100 million to GHc15.2 billion. It is equivalent to 3.5% of the GDP. The debt could go down if levies collected to settle the financial sector debt is used to settle part of it.”

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