The News GodThe News GodThe News God
  • Politics
    • Trump
  • News
    • Wars & Conflicts
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • Videos
  • More
    • Travel & Tour
    • Education
    • Entertainment
      • Biography
      • Net Worth
      • Famous Birthdays
    • General
    • Pets
    • Blog
    • About Us
    • Disclaimer
    • Media Partners
    • Why You Need to Read Business News Everyday
    • Authors
    • Terms of Service & Privacy Policy
Reading: Ghana’s total debt stock hits GHS200 billion
Share
Font ResizerAa
The News GodThe News God
Font ResizerAa
  • Politics
  • News
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • Videos
  • More
Search
  • Politics
    • Trump
  • News
    • Wars & Conflicts
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • Videos
  • More
    • Travel & Tour
    • Education
    • Entertainment
    • General
    • Pets
    • Blog
    • About Us
    • Disclaimer
    • Media Partners
    • Why You Need to Read Business News Everyday
    • Authors
    • Terms of Service & Privacy Policy
Follow US
  • About Us
  • Authors
  • Advertise
  • Contact Us
  • Disclaimer
  • My Bookmarks
  • Terms of Use & Privacy Policy
  • Media Partners
The News God > Blog > News > Ghana’s total debt stock hits GHS200 billion
News

Ghana’s total debt stock hits GHS200 billion

Sampson Gaddah
Last updated: July 19, 2019 8:25 am
Sampson Gaddah
July 19, 2019
Share
2 Min Read
SHARE

The country’s total debt stock has now hit GHS200 billion as at the end of May 2019. 

This was contained in the Bank of Ghana’s summary of financial and economic data that reviewed the health of the economy. 

The new debt stock figure means that since May 2018 the total debt stock has gone up by some 45.9 billion cedis.

In two months or since the last time that the data was released in March, the total debt stock has gone up by some GHS2 billion. The GHS200 billion debt now represents about 58% of the total value of the economy or 58% of GDP.  

Related Posts

US Marshals still looking for inmates from Alcatraz who may have escaped 60 years ago.
Xenophobia: Another country joins race to boycott South Africa
Atlanta Popeyes Staff ‘Violently’ Assaulted Lady Correcting Order: Lawsuit
Stabbed South Korean opposition leader expected to recover soon, doctor says.
Ghana’s dept

Breakdown of the debt numbers 

The Bank of Ghana’s data showed that out of the GHS200 billion total debt stock, external debt accounted for GHS105 billion of the debt, expressed in dollar terms that about  $20 billion. This was about 30.6% of GDP.

The funds that were borrowed locally, or domestic debt, was GHS94.6 billion, representing  27.5% of Ghana’s GDP.

Read Also: https://thenewsgod.com/you-downloaded-faceapp-check-what-youve-just-done-to-your-privacy/

Reasons for the debt stock increase?

The increase in the debt stock over the last two months can be attributed to the cedis’ marginal depreciation and recent funds advanced to clean up the banking and non-banking sectors of the economy.

More to come…

Source: MyJoyOnline

9-year-old NYC tourist shot and killed on spring break in Dominican Republic
Californian man arrested for damaging a Catholic church
Fox news today: Pittsburgh Steelers’ Devlin Hodges chided for old tweets supporting Trump
Prisoner On the Run in New York City; Cops are Looking For Him
Revamping Employee Health Management Through Digital Transformation
Share This Article
Facebook Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Special Prosecutor Admonished to Resign–Bishop
Next Article Zuma withdraws from corruption inquiry
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Publications

Togo protests
7 People Killed During Togo Protests, Civil Society group says
News
June 30, 2025
Evin Prison
71 Killed By Israeli strike on Evin Prison, Iran says
Wars & Conflicts
June 30, 2025
2 Killed and 14 Wounded by Russian Drone Strike in Ukraine's Odesa, authorities say
2 Killed and 14 Wounded by Russian Drone Strike in Ukraine’s Odesa, authorities say
News
June 28, 2025
At Least 13 Pakistani Soldiers Killed In Suicide Bombing Near Afghan Border
At Least 13 Pakistani Soldiers Killed In Suicide Bombing Near Afghan Border
News
June 28, 2025
The Open Championship 2025: everything there is to know about World Golf’s oldest Major
The Open Championship 2025: everything there is to know about World Golf’s oldest Major
Sports
June 27, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe

You Might also Like

Fox News Today: Hannity: Tools of intelligence were weaponized against a private citizen and a presidential campaign
News

Fox News Today: Hannity: Tools of intelligence were weaponized against a private citizen and a presidential campaign

December 11, 2019
NewsPolitics

Repent from your corruption deeds Christ is coming soon – Dee Aja to President Akufo-Addo

September 16, 2019
News

The Border Patrol rescues 4-month-old and 18-month-old babies abandoned by traffickers in the desert.

August 27, 2022
News

After floods, Yellowstone National Park reopens

June 22, 2022
Show More
© 2025 Thenewsgod. All Rights Reserved.
  • About
  • Contact Us
  • Terms of Use & Privacy Policy
  • Disclaimer
  • Authors
  • Media Partners
  • Videos
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?