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Ghana’s public debt now 46.7% of GDP

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debtGhana’s total public debt stands at GH¢33.5 billion as at end of 2012, rising from the GH¢24 billion it recorded in 2011.

The 2012 public debt is 46.7% of gross domestic product (GDP) as against 2011’s 42.6%, the Bank of Ghana indicated.

According to the central bank, the stock of domestic debt was GH¢18.5 billion while external debt was $8 billion.

The year 2011 ended with Ghana recording a domestic debt of GH¢11.8 billion, and external debt of $7.8 billion.

By Ekow Quandzie

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One comment

  1. THAT IS THE 20YRS LIFE OF OIL REVENUE IF THAT REVENUE IS PAY DIRECTLY TOWARDS THE PUBLIC DEBTS WITHOUT USING NON FOR ANYTHING APART FROM SERVICING THE DEBTS