Ghana’s public debt rises to GH¢25.3b within first two months of 2012
The total public debt stock for Ghana currently stands at GH¢25.3 billion, according to figures released by the central bank April 13, 2012. The period it says is at the end of February 2012.
The Bank of Ghana (BoG) figures presented by the Governor, Mr Kwesi Amissah-Arthur during a Monetary Policy Committee (MPC) press conference showed that the total public debt increased to 43% of GDP at the end of February 2012, from 42.6% at the end of December 2011.
“The stock of domestic debt went up by 6.7% in the first two months of 2012 to GH¢12.6 billion. However, the external debt stock declined marginally by 3.3% from $7.8 billion at the end of December 2011 to $7.6 billion at the end of February 2012,” he said.
Mr Amissah-Arthur said “Cumulatively, total public debt stock is estimated at GH¢25.3 billion at end February 2012, up from GH¢24 billion recorded at the end of December 2011.”
The country recorded an overall budget deficit on cash basis of GH¢835.3 million. This includes divestiture and discrepancy, according to the BoG.
By Ekow Quandzie
Mahama and it cronies stealing Ghana money including politicians.
That is why Ghana cannot be like South Korea including continent of Africa especially Black people