Ghana’s debt stock as at September, 2015, has hit GH¢92,161.84 million
(US$24,285.07), made up of GH¢54,488.26 million (US$14,357.91million) for
external debt and GH¢37,673.58 million ($9,927.16 million) for domestic debt.
Mr. Terkper who announced this during the 2016 budget presentation on 13th November 2015, explained that in terms of GDP, the public debt stood at 69.12 percent at the end of September, 2015 from 70.15 percent in December, 2014.
The minister further assured that the Fiscal policy over the medium-term will aim to progressively reduce the fiscal deficit from 5.3 percent of GDP in 2016 to 3.0 percent of GDP by 2018.
This reduction will be driven by revenue and expenditure through revenue administration reforms, improved public financial management and expenditure rationalization to enhance the efficiency of public spending, as well as the implementation of new debt management strategies.
Follow link below to view the budget highlight .
2016_Highlights-1[1]
