{"id":4348,"date":"2024-08-31T01:39:59","date_gmt":"2024-08-31T01:39:59","guid":{"rendered":"https:\/\/sbmediaonline.com\/?p=4348"},"modified":"2024-08-31T01:39:59","modified_gmt":"2024-08-31T01:39:59","slug":"ghanas-public-debt-hits-a-record-gh%c2%a2761-1-billion-up-3-from-last-month","status":"publish","type":"post","link":"https:\/\/sbmediaonline.com\/?p=4348","title":{"rendered":"Ghana&#8217;s public debt hits a record GH\u00a2761.1 billion, up 3% from last month"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"371\" src=\"https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/37841429.jpg\" alt=\"\" class=\"wp-image-4349\" srcset=\"https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/37841429.jpg 600w, https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/37841429-300x186.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p><strong><em>Ghana&#8217;s central government debt has risen to GH\u00a2761.1 billion<\/em><\/strong><\/p>\n\n\n\n<p>Ghana&#8217;s central government debt has risen to GH\u00a2761.1 billion (US$51.1 billion) as of July 31, 2024, reflecting a significant increase from the previous figure of GH\u00a2587.7 billion (US$53.5 billion).<br><br>This is according to Finance Minister Dr. Mohammed Amin Adam.<br><br>Delivering the latest monthly Economic Update at the Finance Ministry, Dr. Amin Adam highlighted that the rise in debt in cedi terms is primarily due to the depreciation of the cedi against the US dollar, alongside other contributing factors.<br><br>\u201cAs of July 31, 2024, Ghana\u2019s provisional nominal central government debt stood at GH\u00a2761.1 billion, equivalent to GH\u00a251.1 billion. This represents a nominal increase from the previous amount of GH\u00a2587.7 billion, equivalent to US$53.5 billion,\u201d he said.<br><br>Dr. Amin Adam further explained the impact of the currency&#8217;s fluctuations on the debt profile, noting, \u201cThe 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ghana&#8217;s central government debt has risen to GH\u00a2761.1 billion Ghana&#8217;s central government debt has risen to GH\u00a2761.1 billion (US$51.1 billion) as of July 31, 2024, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4349,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4348"}],"version-history":[{"count":1,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4348\/revisions"}],"predecessor-version":[{"id":4350,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4348\/revisions\/4350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/media\/4349"}],"wp:attachment":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}