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.”
In case you forgot,let me remind you that, each of us owe 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
— kwame agbodza (@KAgbodza) February 2, 2023
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.
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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.