Close Menu
Ghana ElectionsGhana Elections
  • Elections
  • Politics
  • Business
  • Social
  • Editor Picks
  • Technology
  • Sports

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Mahama Ayariga confirmed as Majority Leader

I trust Haruna Iddrisu’s ability to excel as Education Minister – Ntim Fordjour

Mahama’s inauguration: Burkina Faso’s Traore’s sidearm and its implication

Facebook X (Twitter) Instagram YouTube
Facebook X (Twitter) Instagram Pinterest Vimeo
Ghana ElectionsGhana Elections
  • Elections
  • Politics
  • Business
  • Social
  • Editor Picks
  • Technology
  • Sports
Subscribe
Ghana ElectionsGhana Elections
You are at:Home»Politics»Ghana ended 2023 with GH₵610bn public debt; a 27% increase
Politics

Ghana ended 2023 with GH₵610bn public debt; a 27% increase

Ghana ElectionBy Ghana ElectionMarch 23, 2024No Comments1 Min Read
WhatsApp Facebook Twitter Telegram LinkedIn
Ghana ended 2023 with GH₵610bn public debt; a 27% increase
Share
Facebook Twitter LinkedIn WhatsApp Email

Ghana’s public debt increased to GH₵610 billion as at December 2023.

Comparatively, this is a 26. 85 percent rise from the GH₵446.3 billion recorded in December 2022.

The new debt figure represents 72.5 % of Gross Domestic Product.

According to the Bank of Ghana’s Summary of Economic and Financial Data for March 2024, the country’s public year-to-date debt level increased by GH₵ 163.7 billion despite the successful completion of the domestic debt exchange.

In dollar terms, the total debt stock stood at US$52.4 billion largely due to the free fall of the local currency.

External debt accounted for GH₵350.3 billion (US$30.1 billion), while domestic debt accounted for GH₵259.7 billion representing 30.9 percent of GDP.

While the external debt went up by GH₵ 109.4 billion that of domestic debt also increased marginally by GH₵ 54.3 billion.

Nominal GDP increased from GH₵614.3 billion to GH₵841.6 billion.

 

Source: citinewsroom.com

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleNDC anticipates surge in support from Ashanti Region on December 7 – Regional Chairman
Next Article Mahama Woos Okada Boys With Legalization Of Business
Ghana Election
  • Website

Related Posts

Mahama’s inauguration: Burkina Faso’s Traore’s sidearm and its implication

January 23, 2025

There’ll be no conflict under my regime – Ali Adolf assures

January 23, 2025

Have a day job before entering politics, our salary is just GH₵15K – Agbodza tells youth

January 21, 2025
Leave A Reply Cancel Reply

Top Posts

NDC USA CONGRATULATES PROF. JANE NAANA OPOKU-AGYEMANG ON HER NOMINATION AS RUNNING MATE TO H.E JOHN MAHAMA

March 8, 2024190 Views

AFAG’s CONDEMNATION OF HON. ASIEDU NKETIAH: A POLITICALLY MOTIVATED AND MISCALCULATED MOVE

September 19, 2024148 Views

Dr. Spio-Garbrah tipped to partner Mahama

March 5, 2024143 Views

Nacee projects NDC’s ‘24-hour Economy’ policy in new campaign songs

September 11, 2024116 Views
Stay In Touch
  • Facebook
  • Twitter
  • Instagram
  • YouTube
© 2025 Ghana Elections
  • Elections
  • Politics
  • Business
  • Social
  • Editor Picks
  • Technology
  • Sports

Type above and press Enter to search. Press Esc to cancel.