The public debt stock peaked in December last year after increased debt accumulation to plug revenue shortfalls and finance a larger fiscal deficit expanded the amount that the country owes to domestic and external creditors.
Bank of Ghana (BoG) data released on January 29 showed that the debt stock ended the year at GH¢286.9 billion, the highest since the bank started releasing data on how much the country owes.
The December 2020 stock was equivalent to 74.4 per cent of total economic output, measured by gross domestic product (GDP).
