{"id":16905,"date":"2024-07-23T19:43:18","date_gmt":"2024-07-23T19:43:18","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=16905"},"modified":"2024-07-23T19:43:18","modified_gmt":"2024-07-23T19:43:18","slug":"ghanas-public-debt-hits-gh%c2%a2742bn-from-gh%e2%82%b5658-6bn-finance-minister","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=16905","title":{"rendered":"Ghana\u2019s public debt hits GH\u00a2742bn from GH\u20b5658.6bn \u2013 Finance Minister"},"content":{"rendered":"<p><strong>Dr Mohammed Amin Adam, the Finance Minister, has disclosed that the central government\u2019s provisional total debt stood at GH\u00a2742 billion (US$50.9 billion) as of June this year.<\/strong><\/p>\n<p>This figure represents 70.6 per cent of the Gross Domestic Product (GDP).<\/p>\n<p>While delivering the 2024 mid-year budget review in parliament in Accra on Tuesday, Dr Adam stated, \u201cThis indicates an increase of 22.0 percent due to the effect of the cedi depreciation and continuous disbursements from creditors.\u201d<\/p>\n<p>He further explained, \u201cThe stock consists of external debt of GH\u00a2452.0 billion and domestic debt of GH\u00a2290.0 billion, representing 60.9 percent and 39.1 percent of the total debt stock, respectively.<\/p>\n<p>\u201cAs a percentage of GDP, external and domestic debt represented 43.0 percent and 27.6 percent, respectively.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dr Mohammed Amin Adam, the Finance Minister, has disclosed that the central government\u2019s provisional total debt stood at GH\u00a2742 billion (US$50.9 billion) as of June [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[3883],"class_list":["post-16905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-finance-minister-ghana-debts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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