Business News of Friday, 15 May 2020Source: Starr FMGhana’s debt stock hits GH¢236.1bn in 1st quarter of 2020Finance Minister, Ken Ofori-AttaGhana’s debt stock has shot up to 236.1 billion cedis from 219.2 billion cedis for the first quarter of 2020, according to new figures by the Bank of Ghana. The increase means that Ghana has added 16.9 billion cedis between January to March of 2020. The debt stock for the domestic side stood at 111.3 billion cedis, while the external component of the debt reached 124.8 billion cedis. According to the report, total assets of banks grew from 111.2 billion cedis in March 2019, compared to 133.5 billion cedis in March 2020. Total deposits also increased from 73 billion cedis to 84 billion cedis within the same period.

Source: GhanaWeb May 15, 2020 07:07 UTC