Ghana’s whole public debt fell by GH¢15.8 billion month-on-month to GH¢726.7 billion in December 2024, the Financial institution of Ghana has disclosed in its March 2025 Abstract of Monetary and Financial Information.
In November 2024, the nation’s whole public debt stood at GH¢742.5 billion.
Nonetheless, in greenback phrases, the full debt inventory was estimated at US$49.4 billion in December 2024, greater than the US$48.3 billion in November 2024.
In keeping with the report, Ghana’s whole debt was equal to 61.8% of Gross Home Product (GDP).
The growth within the dimension of the economic system culminated in a discount within the GDP of the debt.
The info confirmed that the exterior debt stood at US$28.3 billion in December 2024, greater than the US$ $28.0 billion in November 2024. The rise within the debt in December 2024 was on account of the depreciation of the cedi through the interval.
In September 2024 and October 2024, the exterior debt stood at US$32.1 billion and US$28.3 billion respectively.
Nonetheless, home debt decreased to GH¢309.8 billion in December 2024, about 26.3% of GDP. The discount was primarily because of a decline in yields.
In November 2024, the home debt stood at GH¢311.4 billion.
For the federal government’s fiscal operations, the fiscal deficit-to-GDP stood at 5.2% in December 2024.
The first steadiness additionally stood at a deficit of 1.2% of GDP in December 2024.
In the meantime, Ghana’s economic system stood at GH¢1.176 trillion as of December 2024.
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