Minority engages public on Ghana’s debt stock

The Minority in Parliament will later today, engage the Public on the country’s rising debt stock.

The BoG’s Summary of Economic and Financial Data released in the first quarter of 2019 showed that Ghana’s debt stock increased by 21.5 per cent as of the end of 2018, adding GHS30.6 billion to the GHS142.6 billion debt of 2017.

Ghana’s debt stock, therefore, hit GHS173.2 billion.

The country’s external debt at the end of 2018 stood at GHS86.3 billion.

The domestic component of the total debt stock was GHS86.9 billion.

The two represent 28.9 per cent and 29.1 per cent of GDP, respectively.

Ranking Member on Parliament’s finance Committee, Cassiel Ato Forson is expected to analyse the situation and offer some policy alternatives.