Ghana’s public debt stock increased by about GHC 2.1 billion from June to August this year.
This measures about 3 percent increase in the debt level from GHC 63.6 billion to GHC 65.7 billion. This was revealed by the Bank of Ghana on Wednesday.
In terms of the ratio of the debt to GDP, debt rose to 57.3% at the end of August from an initial 55.4% reported at the end of June.
The debt stock level increased by about GHC 13.8 billion in the first eight months of the year representing a 26.5% increase.
Meanwhile, government again missed its revenue target but managed to cut down on expenditure.
Revenue and grants from the beginning of the year to September hit GHC 17.7b illion against a target of GHC 18.4 billion while expenditure was at 24.4billion cedis against a target of GHC 25.8 billion.
Provisional estimates shows the budget deficit from the beginning of the year to August stood at 6.9percent of GDP against a target of 6.4percent.
By: Anim Kwaku Boadu/citifmonline.com/Ghana