Ghana’s Debt Has Reached GHc170.8 bn – BoG Discloses
The Bank of Ghana (BoG’s) most recent synopsis of financial figures shows that the nation’s total debt stock has gotten to GHc170.8 billion. The figures from the Central Bank demonstrate that there was a quick rise in Ghana’s debt between July and August 2018.
Pulse.com reports that the financial figures from the BoG shown that the debt stock expanded by 11.4 billion cedis in that period. Ghana’s debt represents 57.2 percent when calculated as a GDP percentage.
The nation, inside the period, accumulated an external debt component of 86.6 billion cedis, while the domestic debt component also hit 84.2 billion cedis. There was, be that as it may, an elevate in the nation’s total export which reached 12.54 billion dollars as at October 2018.
Gold produced the most elevated income of 4.7 billion dollars, oil rounded up 3.83 billion dollars, while cocoa exports additionally reached 1.67 billion dollars.
On the banking sector, the total Non-Performing Loans (NPLs) expanded barely to 20.1 percent in October. This was after the NPLs dropped to 20 percent in the month of September.