Posted 11/25/2023, 1:51:20 PM
Ghana's Public Debt Falls by $1.3 Billion as Economy Shows Signs of Recovery
- Ghana's public debt fell by ¢14.2 billion to ¢567.3 billion ($51.0 billion) between June and September 2023
- Public debt now equivalent to 66.4% of GDP, down from 68% in June
- Debt reduction partly due to marginal currency gains and suspension of international borrowing
- Fiscal deficit stood at 3.0% of GDP in August, down from 8.3% in December 2022
- Ghana suspended interest payments to external creditors in December 2022 amid economic challenges