Ghana’s debt stock has reached GH₵ 761.2 billion representing 75.7 percent of the country’s gross domestic product (GDP) by July 2024.
Compared to the same period last year, the debt stock was at GH₵587.7 billion representing 70.3 percent of GDP.
This was contained in the latest Summary of Economic and Financial Data of the Bank of Ghana released in September 2024.
The data showed that the external component of the debt hit US$31.6 billion from US$30 billion in the same period last year, representing 46.1 per cent of GDP.
The domestic component of the debt was at GH₵290.9 billion representing 28.5 percent of the GDP.
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