Ghana’s total public debt is now US$38.9 billion (GHS198 billion), GHS2 billion shy of GHS200 billion as of March 2019, the Bank of Ghana’s Summary of Economic and Financial Data – May 2019, has shown.
It represents 57.5 per cent of Ghana’s GDP as of March 2019.
In January this year, the total public debt was GHS176.6 billion (US$35.7 billion) and GHS180.7 billion (US$35 billion) for February.
The figure for January and February represented 51.3 per cent and 52.5 per cent of GDP.
A total of GHS21.4 billion was added to the public debt in the first three months of 2019.
The current debt is inclusive of the US$3 billion Eurobond issued by the government in March this year.
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