Business

Ghana’s Debt Hits 172.9 Billion Cedis

The total amount that Ghana owes reached 172.9 billion cedis in November 2018.

This is according to data from the Bank of Ghana.

The Summary of Economic and Financial data by the central bank shows that between July and November 2018, the country added 13.2 billion cedis to its debt.

The figure went up from 159.7 billion cedis to 172.9 billion cedis within the period.

The current figure of 172.9 billion cedis represents 57.9 percent of the total value of all goods and services produced within the country (GDP) for 2018.

The figure comprises money borrowed within Ghana and that borrowed from investor s outside the country.

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