The escalating rate of public debt growth as measured by debt-to-GDP ratio data is a subject that has fostered a lot of controversy. As we will show later, the trajectory of our debt growth is far from benign. Between 2005 and 2011, it was quite difficult to plot a clear and consistent curve for GDP growth in Ghana. The most consistent 5-year fall in GDP growth we have however witnessed since independence is most likely the one we have seen since 2011. The prevailing composite interest rate for total public debt will exceed the current effective rate of more than 9%.

Source: Vibe Ghana September 14, 2016 11:03 UTC