Ghana adds GH¢3.2b to public debt in first four months of 2013
Ghana’s public debt rose to GH¢38.3 billion at the end of April 2013, the Bank of Ghana has stated.
The country ended the year 2012 with a public debt of GH¢35.1 billion. This means that the Ghana government added an amount of GH¢3.2 billion to its total public debt from January to April 2013.
According to the latest figures from the BoG, the country’s debt is now currently 43.2% of GDP.
“Of this, the stock of domestic debt amounted to GH¢20.3 billion compared to GH¢18.5 billion in December 2012,” the central bank indicated in its 55th Monetary Policy Committee (MPC) report released May 22, 2013 in Accra.
The external debt stood at US$9.5 billion up from US$8.8 billion over the same period, it added.
By Ekow Quandzie
SHAME TO POLITICIANS GIVING THEMSELVES BIG RAISE WHILES RAKING HUGE PUBLIC DEBTS FOR CURRENT AND FUTURE GENERATION INSTEAD OF CREATING RESERVES FOR CURRENT AND FUTURE GENERATION INCLUDING BETTER EDUCATION, MECHANIZED AGRICULTURE, EXCESS ENERGY, BETTER RAIL INFRUSTRUCTURE. NOT TO BURDEN THE COUNTRY AS CURRENT GLOBAL CRISIS TELL US HOW DISASTROUS HUGE SPENDING CAUSES.