Back in May 2021, the US dollar equivalent of Ghana's debt hit US$57.9 billion and later rose to US$58.1 billion in June for the same period. But recent figures released by the Bank of Ghana showed a decrease in the debt to US$57.9 billion for July 2021. The problem is, while we have been piling up the debt, we really don’t have much to show for it,” he pointed. Dr Asuming added, “even though we are recovering, the economy hasn’t been at its strongest. Also, Ghana’s debt-to-Gross Domestic Product ratio, according to the central bank is now pegged at 76.4%.

Source: GhanaWeb September 28, 2021 12:00 UTC