Information delivered by the Bank of Ghana (BoG) on Ghana’s total public debt stock demonstrate that the debt stock has crossed GHS 300billion.
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).