• About
  • Contcat Us
  • Privacy Policy
Saturday, January 16, 2021
Primenews.com.gh
No Result
View All Result
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports
No Result
View All Result
Primenews.com.gh Logo
No Result
View All Result
Home general news

Ghana’s per capita debt now stands at GHS9, 126

by Justice Kofi Bimpeh
2020-11-23
in general news
Ghana’s per capita debt now stands at GHS9, 126
19
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Ghana’s per capita debt now stands at GHS 9, 126, this is according to Bank of Ghana’s latest Summary of Macroeconomic and Financial Data.

This means that the distribution of Ghana’s current debt stock which is GHS273.8 billion to a population of 30 million, the per capita debt will be GHS 9, 126.

Ghana’s total public debt stock has risen by GHS54.8 billion in the first nine months of this year, hitting GHS273.8 billion as at the end of September 2020.

READ ALSO

Massive disinfection carried out at Kotoka International Airport

Speaker declares NPP as Majority in Parliament

Government is currently under pressure to slow down the rate of debt accumulation.

The new debt figure pushes Ghana’s debt to GDP ratio to 71 percent, crossing the dreaded 70 percent threshold for the first time since December 2016 when the figure stood at 73.3 percent.

According to the latest Summary of Macroeconomic and Financial Data from the Bank of Ghana, the total public debt stock which started the year at GHS219.6 billion, has increased by 26.7 percent within nine months.

Debt accumulation for the first 9 months of 2017, 2018 and 2019 however rose by 8.9 percent, 17.2 percent and 18 percent respectively.

ADVERTISEMENT

A breakdown of the debt numbers shows that GHS 138.5 billion of the debt were secured from outside the country, this is about 35.9 percent of the total value of the economy.

On the other hand, GHS135.3 billion was secured locally. This represents, 35.1 percent of GDP.

Tags: Debt stockGhana's debtPer Capita debt
ShareTweetSend
Previous Post

Ceramica Cleopatra reach deal to sign Esperance’s Kwame Bonsu

Next Post

Daniil Medvedev beats Dominic Thiem to win ATP Finals title

Related Posts

Massive disinfection carried out at Kotoka International Airport
general news

Massive disinfection carried out at Kotoka International Airport

2021-01-15
8th Parliament of Ghana
general news

Speaker declares NPP as Majority in Parliament

2021-01-15
Traditional authorities hail Weija-Gbawe MCE as he commissions an ultra-modern KG Block at Weija
general news

Traditional authorities hail Weija-Gbawe MCE as he commissions an ultra-modern KG Block at Weija

2021-01-15
Tier-2 pension contributions: Universities’ senior staff threaten to resume strike
general news

Tier-2 pension contributions: Universities’ senior staff threaten to resume strike

2021-01-14
STRANEK calls for investigations into chaos in Parliament
general news

STRANEK calls for investigations into chaos in Parliament

2021-01-14
Supreme Court
general news

Election petition: Pre-trial to commence on Jan. 19

2021-01-14
Next Post
Daniil Medvedev

Daniil Medvedev beats Dominic Thiem to win ATP Finals title

CAF president Ahmed

FIFA slaps CAF president Ahmad with five-year ban

ADVERTISEMENT

TRENDING NEWS IN GHANA

Franklin Cudjoe

Osafo-Maafo didn’t resign, his office was scrapped- Franklin Cudjoe

2021-01-16
CAF

COVID-19: CAF modifies’ minimum number of players to start a match

2021-01-16
Massive disinfection carried out at Kotoka International Airport

Massive disinfection carried out at Kotoka International Airport

2021-01-15
Wayne Rooney has become the permanent manager at Derby County. Photograph: Tony Marshall/Getty Images

Wayne Rooney calls time on playing career to become Derby County manager

2021-01-15
8th Parliament of Ghana

Speaker declares NPP as Majority in Parliament

2021-01-15
Preview of  Ghana Women’s Premier League Matchday 1

Preview of Ghana Women’s Premier League Matchday 1

2021-01-15
Osafo-Maafo resigns as Senior Minister

Osafo-Maafo resigns as Senior Minister

2021-01-15
Preview: Great Olympics seek to end winless run against Inter Allies in Accra derby

Preview: Great Olympics seek to end winless run against Inter Allies in Accra derby

2021-01-15
Stubborn Crystal Palace end Arsenal’s winning run

Stubborn Crystal Palace end Arsenal’s winning run

2021-01-15
Traditional authorities hail Weija-Gbawe MCE as he commissions an ultra-modern KG Block at Weija

Traditional authorities hail Weija-Gbawe MCE as he commissions an ultra-modern KG Block at Weija

2021-01-15
ADVERTISEMENT

Must Reads

Osafo-Maafo resigns as Senior Minister

Preview: Great Olympics seek to end winless run against Inter Allies in Accra derby

Stubborn Crystal Palace end Arsenal’s winning run

Spanish Super Cup: Athletic Bilbao pip holders Real Madrid to set up Barcelona final

Traditional authorities hail Weija-Gbawe MCE as he commissions an ultra-modern KG Block at Weija

Tier-2 pension contributions: Universities’ senior staff threaten to resume strike

About

A Prime Network Limited Website.

Follow us

Categories

  • entertainment
  • general news
  • Ghana
  • Politics
  • Sports
  • Uncategorized
No Result
View All Result
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports

©2015 - 2020 Primenews.com.gh

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.