[ 2016-05-16 ]

Ghana’s public debt hits GHC99.9bn
Ghana’s public debt has increased from GHC96.9
billion to GHC99.9 billion as of December 2015,
according to the Central Bank.

External debt now stands at GHC59.9 billion cedis
with domestic debt hitting 40 billion Ghana
cedis.

The figures are contained in the latest Bank of
Ghana Summary of Economic and Financial Data
released over the weekend.

The public debt is defined as how much a country
owes to lenders outside of itself. These can
include individuals, businesses and even other
governments.

There have been concerns about the inability of
government to stay within its spending limit.

However, President John Mahama in his State of
Nation address earlier this year said government
is committed to ensuring it stays within its
budget, especially this election season.

Source - Starrfmonline.com

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