According to the Bank of Ghana’s Summary of Economic and Financial Data for October 2022, the debt stock of the nation was 402.4 billion as of July 2022.
The debt rose by ¢9 billion.
68% of the GDP is made up of the entire amount of debt.
Ghana was categorized as a highly indebted country in the World Bank’s most recent Africa Pulse Report, which predicted a debt-to-debt ratio of 104.6% by the end of 2022.
From $54.4 billion in June to $53.2 billion in July 2022, the debt stock’s value decreased.
The external debt, which was equivalent to 35.8% of GDP, was almost $28 billion.
From 190.1 billion in June 2022 to 190.3 billion in July 2022, the amount owed on domestic debt increased.
The domestic debt has increased steadily since January 2022: from 181.9 billion in January 2022 to 185.4 billion in February 2022 to 190.1 billion in March 2022 to 189.2 billion in April 2022 to 188.5 billion in May 2022.
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The current rate of one Ghana cedi to the dollar is GH11.2.
