This represents 66.4 percent of Gross Domestic Product (GDP) depicting a GH¢14.2 billion decline compared to the GH¢581.5 billion recorded in June 2023.
According to BoG' Summary of Economic and Financial Data for November 2023, the country’s public debt rose comparatively by GH¢8.5 billion since January 2023 and GH¢88.5 billion since September 2022.
The data also showed that the total debt stock in US dollar terms was pegged at US$51.0 billion as of June 2023.
In terms of Ghana’s external debt, the figure was GH¢326.7 billion (US$29.4 billion), while domestic debt accounted for GH¢240.6 billion.
This further represented a decline in both external and domestic debts declining marginally in June 2023. For the period, external debt decreased to GH¢1.9 billion from GH¢328.6 billion in June 2023 to GH¢326.7 billion in September 2023.
For domestic debt, Ghana witnessed the figure decline by GH¢12.3 billion, compared to the June 2023 figure of GH¢252.9.3 billion for the same period.
In addition to the figures, Ghana’s nominal Gross Domestic Product was pegged at GH¢854. 8 billion as of September 2023, up from the GH¢610.2 billion recorded in September 2022.
Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.
President Akufo-Addo and Ken Ofori-Atta, Minister of Finance