{"id":356623,"date":"2017-09-24T14:22:40","date_gmt":"2017-09-24T14:22:40","guid":{"rendered":"http:\/\/citifmonline.com\/?p=356623"},"modified":"2017-11-10T11:08:00","modified_gmt":"2017-11-10T11:08:00","slug":"ghanas-debt-stock-hits-%c2%a2138-6bn-in-june-2017","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/09\/ghanas-debt-stock-hits-%c2%a2138-6bn-in-june-2017\/","title":{"rendered":"Ghana\u2019s debt stock hits \u00a2138.6bn in June 2017"},"content":{"rendered":"
New figures released by the Bank of Ghana(BoG) show that the country\u2019s total debt stock is at 138.6 billion cedis as at June 2017.<\/p>\n
The new figure shows that Ghana\u2019s debt increased by 1.3 billion cedis from May to June 2017 as the month of May recorded a debt stock of 137.3 billion cedis.<\/p>\n
The figures were contained in statement published by the Bank of Ghana after the Monetary Policy Committee (MPC)meeting on Friday, September 20, 2017.<\/p>\n
The data showed that the external component of the debt was 74.6 billion cedis, representing 36.9 percent of the GDP, while domestic debt was 63.9 billion representing 31.6 percent.<\/p>\n
In the same period under review, Ghana\u2019s debt to GDP ratio stood at 68.6 percent, below the end of year target of 70 percent mark.<\/p>\n
Bank sector performance<\/strong><\/p>\n In the banking sector, the publication showed that total assets of banks as at July stood at 89.1 billion cedis, representing a 32.9 percent growth.<\/p>\n Total deposits was 55.7 billion cedis representing 32.0 percent in July 2017 while there was a marginal improvement on Non Performing Loans of banks as July recorded 20.9 percent compared to 21.2 percent in June 2017.<\/p>\n