Ghana\u2019s public debt stock has increased to GH\u00a2 200 billion.<\/p>\n
This was made known by the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, on Friday July 19, 2019, during a press conference in Accra.<\/p>\n
He was addressing the media on the happenings of the Central Bank\u2019s Monetary Policy Committee (MPC\u2019s) 89th regular meeting which started on Wednesday, July 17, 2019 and ended on Friday, July 19, 2019.<\/p>\n
He noted that the country\u2019s debt stock increased from GH\u00a2 198.4 billion in April 2019 to GH\u00a2 200 billion in May 2019.<\/p>\n
According to him, the debt stock was sustainable.<\/p>\n
However, he urged that \u201cwe should not shy away from the view that there are vulnerability.\u201d<\/p>\n
Policy Rate Maintained<\/p>\n
Meanwhile, he announced that the Bank of Ghana has decided to maintain the policy rate at 16 percent, revealing that there was increased confidence in the banking sector.<\/p>\n
The policy rate is the rate which the Central bank lends to commercial banks.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ghana\u2019s public debt stock has increased to GH\u00a2 200 billion. This was made known by the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, on Friday July 19, 2019, during a press conference in Accra. He was addressing the media on the happenings of the Central Bank\u2019s Monetary Policy Committee (MPC\u2019s) 89th regular […]<\/p>\n","protected":false},"author":8,"featured_media":2989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[61,43],"tags":[4553,7358,5039,9330,10957,3977,6725,192,106,5205,9833,6327],"class_list":["post-2988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-local-news","tag-accra","tag-bank","tag-bank-of-ghana-bog","tag-banks","tag-bog","tag-central-bank","tag-debt","tag-ghana","tag-ghanaian-public-debt","tag-july","tag-meeting","tag-stock"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/2988","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=2988"}],"version-history":[{"count":1,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/2988\/revisions"}],"predecessor-version":[{"id":51242,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/2988\/revisions\/51242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/2989"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=2988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=2988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=2988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}