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Company News of Friday, July 19, 2019
Source: citinewsroom.com
2019-07-19
Cedi's notes
Data published by the Bank of Ghana show that the country's total outstanding debt reached 200 billion cedis in May 2019.
The data show that outstanding debt increased by 2 billion cedis in three months, from March to May.
The external component of the debt is $ 20.5 billion, while the domestic component is $ 94 billion.
Figures are included in the summary of economic and financial data.
Banking sector
In the banking sector, total badets of banks in the country reached 112.8 billion cedis in July 2019, against 100.3 billion cedis during the same period.
At the same time, non-performing loans from banks went from 22.6% in July 2019 to 18.1% in July 2019.
Imports and exports
In terms of external sector development, total exports in June were $ 7.99 billion.
Gold exports yielded $ 2.99 billion to the country, while cocoa yielded $ 1.34 billion over the same period.
At the same time, oil exports brought the country $ 2.2 billion.
In contrast, total imports reached $ 6.05 billion in June 2019. The petroleum component of the import was $ 1.14 billion, while the non-oil sector reached $ 4.91 billion. of dollars.
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