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07.10.2020 Business & Finance

Public Debt Balloons To Ghc263 Billion

Dr. Ernest Addison – Governor of BoG
LISTEN OCT 7, 2020
Dr. Ernest Addison – Governor of BoG

Ghana's public debt stock has increased to Ghc263 billion, the Bank of Ghana (BoG) has revealed.

According to the Bank in its 96th Monetary Policy Committee meeting release, “the stock of public debt rose to 68.3 percent of GDP (Ghc 263 billion) at the end of July 2020, compared with 62.4 percent of GDP (Ghc 218.2 billion) at the end of December 2019.”

Touching on the money market, the release highlighted that money market rates on short to medium term instruments eased, but generally tightened at the longer-end.

---Daily Guide

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