Information delivered by the Bank of Ghana (BoG) on Ghana’s total public debt stock demonstrate that the debt stock has crossed GHS 300billion.
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The 2021 budget statement fixed the debt at GHS291.6 billion. Be that as it may, the national bank’s most recent figures demonstrate a sharp expansion in the debt by GHS13billion, addressing 4%.
It is reviewed that not long after the 2021 budget statement was perused, analysts communicated fears that the debt stock would go up.
Dr Lord Mensah, a senior lecturer at the University of Ghana Business School, said a basic investigation of the budget statement for the 2021 financial year shows that Ghana’s debt situation has gone past the 76% to record 85% of Gross Domestic Product (GDP).
