Ghana’s debt stock rises to 219.2 billion

Ghana’s debt stock has risen up to 236.1 billion cedis from 219.2 billion cedis for the first quarter of 2020, figures by the Bank of Ghana has disclosed.

Per the data, Ghana added 16.9 billion cedis between January to March of 2020 to its stock.

This represents an increase of 59.3 percent of the GDP, according to the central bank’s Summary of Economic and Financial Data.

The debt stock for the domestic side stood at 111.3 billion cedis, while the external component of the debt reached 124.8 billion cedis.

According to the report, total Assets of banks grew from 111.2 billion cedis in March 2019, compared to 133.5 billion cedis in March 2020. Total deposits also increased from 73 billion cedis to 84 billion cedis within the same period.

By: Rainbowradioonline.com

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