Tag Archives: Public Debt

President John Dramani Mahama has delivered a stark assessment of Ghana’s economic situation, describing the nation as “broken on many fronts” due to staggering debt and financial mismanagement. Presenting his first State of the Nation Address (SONA) of his second term to Parliament in Accra on Thursday, February 27, he …

Dr Mohammed Amin Adam, the Finance Minister, has disclosed that the central government’s provisional total debt stood at GH¢742 billion (US$50.9 billion) as of June this year. This figure represents 70.6 per cent of the Gross Domestic Product (GDP). While delivering the 2024 mid-year budget review in parliament in Accra …

Ghana’s public debt has seen a significant increase of GH¢47.4 billion within the first two months of 2024, reaching a total of GH¢658.6 billion. This accounts for 62.7% of the Gross Domestic Product (GDP) by February 2024. The external debt stands at GH₵380 billion, which is equivalent to 36.1% of …