Public Debt: Each Ghanaian owes GHS20,000 – Agbodza

Adaklu Member of Parliament Kwame Agbodza has said per his calculation of Ghana’s public debt, each Ghanaian owes GHS20,000.

In a tweet, the newly-appointed Minority Chief Whip said “In case you forgot,let me remind you that, each of us owes about GHs20,000 . Start thinking of how you are going to pay your own. ..Say a big thank you to Akufo Addo,Dr Bawumia and Ken ofori Atta.”

New data released by the Bank of Ghana (BoG) indicates that Ghana’s total public debt stock has shot up to GH¢575.7 billion at the end of November 2022, bringing Ghana’s debt to Gross Domestic Product (GDP) ratio to 93.5% from 75.9% in September 2022.

The Bank of Ghana’s January 2023 economic and financial data summary revealed that the debt stock increased by GH¢108.3 billion between September and November 2021.

The external component of the country’s public debt shot up to GH¢382.7 billion in November 2022, equivalent to 62.1% of GDP.

Source: By Laud Nartey||Ghana

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