– The debt stock stands at Ghs291.6billion as of the end of December 2020
– That notwithstanding, the caretaker Minister said the country is recovering pretty well from the pandemic
Minister for Parliamentary Affairs, Osei Kyei Mensah-Bonsu, said Ghana’s total public debt increased from Ghs122billion to Ghs291.6billion as of the end of December 2020.
Mensa-Bonsu who is the country’s caretaker Finance Minister disclosed this on Friday, March 12, 2021, while presenting the Akufo-Addo administration’s 2021 budget statement to parliament.
2021 Budget: Ghana’s public debt stands at Ghs291.6b – Mensa-Bonsu. Photo credit: Parliament of Ghana
Source: Facebook
He attributed the ballooning public debt stock to the current coronavirus pandemic, the banking sector cleanup exercise among others.