Ghana’s debt stock now GH¢341.76 billion – Ken Ofori Atta » GhBase•com™

Ghana’s finance minister, Ken Ofori-Atta has announced that Ghana’s total public debt stock has increased to GH¢341.76 billion, equivalent to 77.5% of Gross Domestic Product (GDP).

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He explained that fiscal adjustments to save lives and livelihoods during the pandemic have elevated global debt levels and the situation in Ghana is no different.

Presenting the 2022 budget statement to Ghanaians in Parliament on Wednesday, November 17, 2021, Ken Ofori-Atta said,

“The provisional nominal debt stock including financial sector bailout costs and energy sector IPPs payments, stood at GH¢341.76 billion, equivalent to 77.5% of GDP as at end-September 2021, up slightly from GH¢291.63 billion, equivalent to 76.1 percent in December 2020.

He, however, reiterated that notwithstanding the elevated fiscal deficit and public debt levels recorded due to the pandemic, the macro-fiscal indicators are much better than what the government inherited in 2017.

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