Ghana’s debt: Every Ghanaian owes GHS18k – Chartered economist reveals

A chartered economist has broken down Ghana’s debt stock for Ghanaians by indicating how much every Ghanaian would owe if the debt were shared among citizens.
According to the chartered accountant, every Ghanaian owes GHS18,000 (18,000,000 old cedis). Ghana has over 30 million citizens.
Mr Benard Oduro Takyi (BOT) made this revelation in an interview on the mid-day news on Accra 100.5 FM on Wednesday, February 1, 2023 on the GHS575 billion debt stock announced by the Bank of Ghana (BoG).
He alleged the figure could be more than what the Central Bank has put out.
He further alleged that the Central Bank is aiding the government to massage some of the figures presented in the public domain to woo the International Monetary Fund (IMF) to give a bailout to the country.
“So this may not be the real debt figure even though it has been put out there by BoG,” he said.
The BoG on January 30, 2023, said Ghana’s total public debt stock shot up to GHS575.7 billion at the end of November 2022.
The new debt figure brings Ghana’s debt to Gross Domestic Product (GDP) ratio to 93.5% from 75.9% in September 2022
Source: Classfmonline.com/cecil Mensah
Trending News
YEA CEO distributes 125 bags of maize to SHSs in Bono and Bono East Regions
12:01Court grants GHC13 million bail to four over cocaine export attempt at KIA
13:20NDC in Lower Manya Krobo demands withdrawal of MCE nominee
02:19Forestry Commission arrests galamsey operator in Pranum forest reserve
13:52Ghana Armed Forces oversee seamless command transition at Kofi Annan Peacekeeping Centre
10:36Domelevo questions GHC20,000 gift limit in new code of conduct for political appointees
10:42Gov't inaugurates steering committee to boost private participation in power distribution
02:07VRA opens 33-unit biodigester toilet facility in Fakpoe to tackle open defecation
13:06Ghana Armed Forces receive armoured vehicles from U.S gov't to boost security operations
10:27Mahama outlines 120-day social contract: What’s been achieved and what’s still pending
12:06