Ghana’s debt stock hits GHS159.4bn
Ghana’s public debt stock is now GHS159.4 billion as of 30 August 2018, according to the Bank of Ghana’s September summary of Economic and Financial data.
Per the data, the debt stock rose by GHS5.1 billion between May 2018 and August 2018.
Domestic debt accounted for GHS73.8 billion of the total debt stock, representing 30.6 per cent of the Ghanaian economy’s total value.
Loans taken by the government from outside the country totaled $18.2 billion (GHS 85.5 billion) of the total debt, representing 35.4 per cent of Gross Domestic Product (GDP).
On external sector development, the country’s export hit 10 billion dollars, while imports was at 8.7 billion dollars in August this year.
In the banking sector, the data showed that total assets of banks stood at 106 billion cedis as at August, 2018.
The total debt stock of GHS159.4 billion represents 65 per cent of Ghana’s GDP.
Related Posts
FNB Foundation,PEP to enhance education readiness
First National Bank Botswana, through its FNB Foundation, has signed a Memorandum of Understanding (MoU) with retail giant…
ByStandard Chartered tops Ghana banking customer experience rankings
Standard Chartered Bank Ghana has once again secured its position as the leading provider of customer service in…
PAC Holdings appoints Nentok Gomwalk Group Executive Director
PanAfrican Capital Holdings Limited (PAC Holdings) has appointed Nentok Gomwalk as Group Executive Director (GED). Gomwalk’s was formerly…
ARM launches N200bn Financing for SMEs
ARM Investment Managers has launched a N200 billion Private Debt Fund targeted at providing long term financial aid for Nigeria’s small…
Gallery
