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General News on Thursday, June 6, 2019
Source: clbadfmonline.com
2019-06-06
Cbadiel Ato Forson, former Deputy Minister of Finance
The Ghanaian minority in Parliament said that each Ghanaian owes 7,000 GHS due to the country's huge stock of public debt, which now stands at 38.9 billion USD (198 billion GHS), or 2 billion GHS less than 200 billion GHS in March 2019.
According to the Bank of Ghana's Economic and Fiscal Data Summary – May 2019, outstanding debt accounted for 57.5 percent of Ghana's GDP in March 2019.
In January of this year, the total public debt amounted to GHS 176.6 billion (US $ 35.7 billion) and GHS 180.7 billion (February 35 billion).
Figures for January and February accounted for 51.3% and 52.5% of GDP.
A total amount of GHS 21.4 billion was added to the public debt in the first three months of 2019.
Current debt includes the US $ 3 billion Eurobond issued by the government in March of this year.
At a press conference held in Parliament on Thursday, June 6, 2019, Cbadiel Ato Forson, a member of the finance committee, accused the Akufo-Addo government of borrowing recklessly unlike his election campaign. not to borrow before the 2016 general election.
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