Adaklu According to the calculations of Member of Parliament Kwame Agbodza about Ghana’s public debt, the amount that each Ghanaian is responsible for paying is GHS 20,000.
“In case you forgot, let me remind you that everyone of us owes around GHS 20,000,” the newly appointed Minority Chief Whip tweeted. Start formulating a plan for how you are going to cover your own expenses. Please extend your sincere gratitude to Akufo-Addo, Dr. Bawumia, and Ken Ofori Atta.
Ghana’s entire public debt stock is estimated to have reached GH575.7 billion at the end of November 2022, according to newly published statistics from the Bank of Ghana (BoG). This brings Ghana’s debt-to-gross domestic product (GDP) ratio to 93.5%, up from 75.9% in September 2022.
The total amount of debt owed by the nation increased by GH108.3 billion between September 2021 and November 2021, according to the Bank of Ghana’s summary of economic and financial statistics published in January 2023.
In November of 2022, the external portion of the nation’s public debt reached a new all-time high of GH382.7 billion, which was equivalent to 62.1% of GDP.