Ghana’s debt stock hits 200 billion cedis by May

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Data released by the Bank of Ghana shows that the country’s total debt stock has hit 200 billion cedis by May 2019.

The data shows that the debt stock increased by 2 billion cedis in three months from March to May.

The external component of the debt is pegged at 20.5 billion dollars while the domestic component is at 94 billion cedis.

The figures were contained in the Summary of Economic and Financial Data.

Banking Sector

In the Banking sector, Total assets of banks in the country grew to 112.8 billion cedis by July 2019 compared to 100.3 billion cedis in the same period under review.

Meanwhile, non-performing loans of banks dropped to 18.1% in July 2019 from 22.6%  in July 2019.

 

-Citi

ABOUT: Nana Kwesi Coomson

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An Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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