Ghana’s public debt hits GhC200bn

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Dr. Ernest Addison | BoG Governor

Ghana’s total Public debt has hit GhC 200 billion as at May, the Central Bank announced in its latest Summary of Economic Data.

This means government borrowed about GhC 2 billion alone last month.

The minority in parliament had earlier warned the debt stock has reached 200 billion cedis last month.

Meanwhile, the Monetary Policy Committee of the Central Bank is preparing to announce a review of its policy rate later Friday. The announcement which was supposed to be done on Monday has been shifted to this afternoon due to the midyear budget review on Monday.

Economists believe the Central Bank is likely to reduce the policy rate which currently stands at 16 percent.

 

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