Domestic debt

Focus On Reducing Debt To 60% Of GDP – Deloitte Ghana To Government
07 Dec

Focus On Reducing Debt To 60% Of GDP – Deloitte Ghana To Government

wontumionlineBusiness, , , ,
Auditing and accounting firm, Deloitte Ghana, is urging the government to focus on reducing the total debt to Gross Domestic Product ratio to below 60% in the medium to long term. This is considered the threshold for sustainable debt levels. In its review of the 2023 Budget, it expressed worry about the rising domestic debt. The government launched a Debt Exchange Programme on December 5, 2022 to restructure the country’s debt as a prerequisite for an International Monetary Fund programme. This is expected to affect the returns of pension and insurance funds. Deloitte Ghana said whilst government has tended to…
Read More
Ghana’s Debt Stock Up ¢9bn To ¢402.4bn In July 2022 – BoG
07 Oct

Ghana’s Debt Stock Up ¢9bn To ¢402.4bn In July 2022 – BoG

wontumionlineBusiness, , , , ,
Ghana’s public debt stock went up by ¢9 billion in July 2022 to ¢402.4 billion, the October 2022 Bank of Ghana Summary of Economic and Financial Data has revealed. This is equivalent to 68% of Gross Domestic Product, and is in sharp contrast to the projected 104.6% of debt to GDP ratio in 2022 by the World Bank. In dollar terms, the country’s debt dropped marginally to $53.2 billion in July 2022, from $54.4 billion in June 2022. Based on the data, the nation did not borrow fresh funds from the international market during the period. However, the debt level…
Read More