General News of Sunday, 16 May 2021Source: www.ghanaweb.comThe International Monetary Fund (IMF) has revealed Ghana’s public debt as a percentage of Gross Domestic Product (GDP) for 2020 was 78 percent. Leader of the Fund’s technical mission, Carlo Sdralevich in a statement said, “Government interventions in 2020 also exacerbated pre-existing fiscal rigidities and public debt vulnerabilities. According to government stats, as at end-December 2020, public debt stood at GH¢291.61 billion, representing 76.1 percent of GDP. “Government interventions in 2020 also exacerbated pre-existing fiscal rigidities and public debt vulnerabilities. Public debt rose to 78 percent of GDP in 2020, from 64.4 percent in 2019, including ESLA of GHs7.63 billion in 2020.

Source: GhanaWeb May 16, 2021 08:24 UTC