Ghana’s Debt Stock Hits ₵236.1 Billion in 2020 first Quarter
Ghana’s total debt stock has gone up by GH¢18 billion since December 2019.
Jonas Danquah 
Ghana’s total debt has reached GH¢236.1 billion after a GH¢ 16.9 billion increment in its debt stock ending March this year, according to the latest Summary of Economic and Financial data released by the Bank of Ghana (BoG)
The new figures from BoG on Ghana’s debt stock – GH¢236.1 billion – sends the country’s Debt-to-GDP-Ratio to 59.3 per cent.
Out of the total debt stock, $22.9 billion was external debt, which translates into 31.4 per cent of the total value of the economy, while GH¢111.3 billion was secured locally representing 28 per cent of the total value of the economy.
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Also, out of the total debt stock, GH¢1.8 billion has been spent on the financial sector clean so far for the first three months of this year.
Based on the summary of the financial and economic data, Ghana’s total debt stock has gone up by GH¢18 billion since December 2019.
However, a breakdown of the data shows that Ghana’s debt increased by 38.1 billion cedis on a year-on-year basis, which is from March 2019 to March 2020.
