Home Business Money Ghana’s debt hits 145 billion cedis
Money

Ghana’s debt hits 145 billion cedis

Share
Share

Ghana’s total public debt stock has reached 145 billion cedis.

Official figures released by the Bank of Ghana show that this is the level of the country’s debt as at February 2018.

The figure also represents a debt to GDP ratio of 60 percent.

The external component of the debt is at 17.4 billion dollars or 76.9 million cedis.

This also represents 31.8 percent of GDP.

Meanwhile, the domestic component of the debt is at 68.2 billion cedis.

This represents 28.2 percent of GDP.

Comparing the absolute figures, Ghana’s debt stock rose from 142.5 billion cedis as at December 2017 to the 145 billion cedis presently.

This means that between December 2017 and February 2018, Ghana added about 2.5 billion cedis to her debt.

Meanwhile, in the banking industry, total assets stood at 97.8 billion cedis as at April 2018.

In addition, total deposits reached 61.1 billion cedis with advances reaching 36.8 billion cedis in April 2018.

Source: citibusinessnews.com

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Access Bank Shines, Wins Big At 2024 Digital Jurist Awards

BY NKECHI NAECHE- ESEZOBOR—Access Bank PLC has been named the 2024 Best...

IMF Expands Executive Board To 25

International Monetary Fund (IMF), i. Friday said member countries have successfully elected...

Kaduna Eyes N150bn Monthly Revenue With Automation Of Tax Collection System

 Mr Mukhtar Ahmed, the Kaduna Commissioner for Planning and Budget Commission (PBC),...

Stanbic IBTC Bank Charts New Frontiers In Nigeria’s Agricultural Terrain

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, reaffirmed its commitment...