Ghana’s debt stock has reached GH₵137 billion as at May, 2017.
By this, the debt-to-GDP ratio is now at 67.5%. This was contained in the economic and financial data released by the central bank at the end of its Monetary Policy Committee meeting.
According to the report, the debt stock increased by GH₵9.4 billion in three months from GHS127.8 billion to GH₵137.2 billion.
The External component of the debt was US$17.1 billion, while domestic debt was at about GH₵63.9 billion.
In all, the GH₵137 billion debt stock recorded at the end of May was more than the GH₵105 billion recorded in the same period for last year.
Government has already raised about GH₵17.4 billion. In the second quarter, government raised GH₵22.2 billion, while it targets GH₵17.4 billion in the third quarter of the year.