Ghana\u2019s total debt stock has hit GH\u00a2391.9 billion, data from the Bank of Ghana indicate.<\/p>\n
<\/p>\n
According to the central bank, the country\u2019s debt stock stood at US$ 55.1 billion as of March 2022.<\/p>\n
Even though it dropped by $3 billion in the first quarter of 2022 from $58.4 billion in January to $55.1 billion in March, it increased in cedi terms due to the depreciation of the currency.<\/p>\n
The cedi increment was GH\u00a2 40 billion.<\/p>\n
The total debt stock was GH\u00a2351.7 billion in January 2022.<\/p>\n
The increase in the debt stock in cedis increases Ghana\u2019s debt to Gross Domestic Product (GDP) ratio to 78%.<\/p>\n
Year-on-year, from March 2021 to March 2022, the debt stock rose by about 30% from GH\u00a2304.6 billion to GH\u00a2391.9 billion.<\/p>\n
The domestic component of debt rose by GH\u00a28 billion from GH\u00a2 181.9 billion in January to GH\u00a2 189.9 billion in March, which represents about 38% of the projected GDP for 2022.<\/p>\n
The external component of the debt, increased significantly by about GH\u00a2 32 billion in the first 3 months of 2022, from GH\u00a2169.8 billion in January to GH\u00a2201.9 billion in March.<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Ghana\u2019s total debt stock has hit GH\u00a2391.9 billion, data from the Bank of Ghana indicate. According to the central bank, the country\u2019s debt stock stood at US$ 55.1 billion as of March 2022. Even though it dropped by $3 billion in the first quarter of 2022 from $58.4 billion in January to $55.1 billion […]<\/p>\n","protected":false},"author":8,"featured_media":21853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[61],"tags":[7358,5059,8364,3977,7396,6725,7730,9478,1237,192,12773,483,6327,6348],"class_list":["post-22335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bank","tag-cedi","tag-cedis","tag-central-bank","tag-data","tag-debt","tag-depreciation","tag-dropped","tag-gdp","tag-ghana","tag-increase","tag-ken-ofori-atta","tag-stock","tag-us"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/22335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=22335"}],"version-history":[{"count":0,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/22335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/21853"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=22335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=22335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=22335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}