Africa-Press – Ghana. The Minister of Finance Dr Mohammed Amin Asam has announced that Ghana’s provisional nominal central government debt stood at GH¢761.1 billion, equivalent to US$51.1 billion.
This represents a nominal increase from the previous amount of GH¢587.7 billion, equivalent to US$53.5 billion, he said.
Dr Amin Adam announced this during a press conference in Accra on Thursday Augist 29.
“As of July 31, 2024, Ghana’s provisional nominal central government debt stood at GH¢761.1 billion, equivalent to US$51.1 billion. This represents a nominal increase from the previous amount of GH¢587.7 billion, equivalent to US$53.5 billion,” he said.
“The increase in cedi terms and decrease in US dollar terms is attributed to a combination of factors, including cedi depreciation, disbursements from multilateral institutions, and domestic financing of the budget,” the Karaga lawmaker added.
Dr Amin Adam further assured that the government is fully on track to achieve its debt targets under the International Monetary Fund (IMF) programme.
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