Ghana's public debts hits 139 billion cedis as at June

Ghana's public debts hits 139 billion cedis as at June

- Public debt stock of Ghana has hit 139 billion cedis as at June this year

- Government has revealed plans to ensure prudent management of the economy

- Click here for the latest story in Ghana

Ghana's growing debt continues to increase like never before with figures from the Bank of Ghana showing how the public debt stock grew by 2 billion cedis only in June alone.

Ghana's public debts hits 139 billion cedis as at June

READ ALSO: He run away to America because he is gay, now he is scared to come back to Ghana

This brings the total debt of the country to a whopping GH¢139 billion - a development which raises concern over public spending.

So far, It remains unclear what might have caused the spike in the debt stock; although some believe it could be due to fresh borrowings by government.

READ ALSO: He run away to America because he is gay, now he is scared to come back to Ghana

Should Ghana's debt stock keep rising, there are fears of the country hitting HIPC levels - a development which could drastically affect the macroeconomic balance of the NPP administration.

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Source: Yen.com.gh

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