New figures from the Central Bank indicates that Ghana’s total debt stock is now GHS205.5 billion as of July 2019. This represents 59.4% of GDP.
According to the Bank of Ghana, the debt ballooned by GHS5.5 billion between May and July this year. As of March 2019, the debt stock was US$38.9 billion (GHS198 billion), per the central bank’s Summary of Economic and Financial Data .
In January this year, the total public debt was GHS176.6 billion and GHS180.7 billion (US$35 billion) for February.
The figure for January and February represented 51.3 per cent and 52.5 per cent of GDP, respectively.
A total of GHS21.4 billion was added to the public debt in the first three months of 2019.
The current debt stock of GHS205.5 billion is made up of an external debt of USD20.4 billion representing 31 per cent of GDP and a domestic debt of GHS98 billion cedis representing 28.4 per cent of GDP.