The Bank of Ghana refused to tell Ghanaians yesterday that our - TopicsExpress

The Bank of Ghana refused to tell Ghanaians yesterday that our total debt stock has crossed the dangerous 60% of GDP margin. It took Fitchs full report, released today, to inform the world that Ghanas total debt for 2013 was 61.8% of GDP from 48.9% in 2012. What the MPC told us yesterday was this: The stock of public sector debt as at end of February 2014 was GH¢55.6 billion up from GH¢51.6 billion in December 2013. Of the total public sector debt, domestic debt constituted 48.5 percent and external debt was 51.5 percent.

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