Accra: Ghana’s debt rises to GHC105bn representing 66.4 percent of GDP

Ghana’s total public debt stock reached GHC105.1 billion at the end of May 2016, representing 66.4 percent of Gross Domestic Product (GDP) as against GHC104.5 billion at the end of April 2016, representing 66.3 percent of GDP. Out of the total debt stock, debt incurred internally was GHC43.2 billion, representing 27.3 percent of GDP, while the external debt stock stood at GHC61.9 billion, representing 39.1 percent of GDP.

Since January, this year, the country's debt has been increasing, crossing 1 billion month on month. In The NDC government inherited a debt stock of GHC9 billion in 2008 but has succeeded in increasing it to GHC105.1 billion as at May, 2016.