Debt levels decline to 62% of GDP

  |   Ghana News

The Finance Minister, Ken Ofori-Atta, has disclosed that the country’s debt, as a percentage of GDP, has declined from the 73 percent recorded last year to about 62.7 percent as at end of last month.

The 2017 budget forecasts that total debt to GDP will close the year at 70.9, which makes the latest figure, less than half way into the year, a major decline in the debt levels.

Speaking at the maiden edition of the National Policy Summit, an initiative of the Business and Financial Times, in collaboration with the Ministry of Information, the Finance Minister said: “the Ministry intends to pursue the possibility of using monthly or quarterly GDP so we can compare oranges to oranges.”

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