Provisional figures indicate that total public debt stood at ¢467.37 billion ($48.87 billion), representing approximately 75.9% of the Gross Domestic Product.
The domestic debt component stood at ¢195.65 billion, which is 31.79% of GDP, whilst external debt is ¢271.713 billion, representing 44.15% of GDP.
The increase in domestic debt is largely on account of rising interest costs.
Domestic debt as a share of total public debt reduced from 51.6% in 2021 to 41.9% as of the end of September 2022.
The external debt as a percentage of the total debt stock was 58.1% as of the end of September 2022.
The sharp growth in the external debt stock is largely driven by the depreciation of the local currency.
The depreciation of the Ghana cedi added ¢93.855 billion to the external debt stock.
Overall, debt accumulation increased from 20.7% in 2021 to 32.7% as of the end of September 2022, reflecting the impact of the depreciation of the Ghana cedi on the external debt side.
Latest Stories
-
Western Regional House of Chiefs commends Bawumia for his humility and respect for traditional authorities
5 mins -
#JustTurned18: First-time voters critical to deciding 2024 presidential election
1 hour -
Video: EC lied that the cost per voter in 2020 was $7.7; it was $12.5 – Bright Simons
2 hours -
Former IGP passes on
2 hours -
Ejisu by-election: Kwadaso MP gave money to EC officials out of goodwill – Ahiagbah
2 hours -
Millennium City: Land owner breaks silence on fatal shooting of soldier
2 hours -
Photos of 2024 Aboakyer Festival
3 hours -
#JustTurned18: I now have an opportunity to use my thumb to bring someone into power – Excited prospective voters
3 hours -
OSP acted as a whistleblower transferring Cecilia Dapaah’s case to EOCO – Sammy Darko
3 hours -
IMF calls for tariff adjustment for energy sector cost recovery
3 hours -
Samson’s Take: Journalists, block the pretentious idiots
5 hours -
Real Madrid crowned LaLiga champions after Barcelona’s defeat at Girona
5 hours -
Daniel Otting Awuah elected SRC President of Ghana School of Law
6 hours -
Lawrence Ati-Zigi signs St. Gallen contract extension
6 hours -
We should be careful not to destroy our institutions without just cause – Serebour Quaicoe
7 hours