How Ghana s public debt jumped by GH¢64 7 billion in one year ghanaweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanaweb.com Daily Mail and Mail on Sunday newspapers.
Trend and Causes
Ghana’s total debt hit GH¢273.8 billion (71% of GDP) at the end-September 2020 from GH¢209.1 billion (62.4% of GDP) in September 2019, indicating an increase of GH¢64.7 billion (30.9%) in one year.
Domestic debt increased from GH¢101.4 billion (29% of GDP) to GH¢135.3 billion (35.1% of GDP) during the period, indicating an increase of GH¢33.9 billion (33.4%) and a share of 49.4%, slightly higher than the 48.5% share a year ago.
The external debt increased from GH¢107.7 billion (30.8% of GDP) to GH¢138.5 billion (35.9% of GDP) over the one-year period ending in September 2020, also indicating an increase of GH¢30.8 billion (28.6%) and a share of 50.6% over the period. (Bank of Ghana, November 2020).